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 / ana.becerra@ecrubio.com
Isaac Corral / isaac.corral@ecrubio.com
Javier Canseco / javier.canseco@ecrubio.com
Perla Arreola / perla.arreola@ecrubio.com
Roberto Álvarez Malo / roberto.alvarezmalo@ecrubio.com
Rogelio Sánchez / rogelio.sanchez@ecrubio.com
Antonio Flores / antonio.flores@ecrubio.com
Adriana Gómez / adriana.gomez@ecrubio.com
Alma Oviedo / alma.oviedo@ecrubio.com
Elisa Cortés / elisa.cortes@ecrubio.com
Eduardo Cortés / eduardo.cortes@ecrubio.com
Gustavo Carrillo / gustavo.carrillo@ecrubio.com
Iván Arriaga / ivan.arriaga@ecrubio.com
Jessica Fernández / jessica.fernandez@ecrubio.com
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