Dear Clients and Friends,
On December 1st, 2023, the National Minimum Wage Commission reached a unanimous agreement, determining a 20% global increase to the minimum wage for the year 2024.
Starting January 1st, the General Minimum Wage will rise from $207.44 Mexican pesos per day to $248.93 Mexican pesos per day. This increase comprises a 6% base raise, along with an additional $27.40 Mexican pesos, designated as the Independent Recovery Amount (MIR).
For the General Minimum Wage in the Free Zone of the Northern Border, there will be an increase from $312.41 Mexican pesos per day to $374.89 Mexican pesos per day. This adjustment includes a 6% raise and an extra $41.26 Mexican pesos, allocated as the MIR.
Additionally, Professional Minimum Wages will experience a 20% increase, effective January 1st, 2024.
The detailed information will be officially published in the Federal Official Gazette in the upcoming days.
Should you have any questions or comments regarding the aforementioned changes, please feel free to reach out to your designated contact at the firm.
Labor & Social Security Practice
Ana María Becerra / [email protected]
Isaac Corral / [email protected]
Javier Canseco / [email protected]
Perla Arreola / [email protected]
Roberto Álvarez Malo / [email protected]
Rogelio Sánchez / [email protected]
Antonio Flores / [email protected]
Adriana Gómez / [email protected]
Alma Oviedo / [email protected]
Elisa Cortés / [email protected]
Eduardo Cortés / [email protected]
Gustavo Carrillo / [email protected]
Iván Arriaga / [email protected]
Jessica Fernández / [email protected]
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