Increase in Minimum Wage by Mexican Government

MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum announced plans to increase the country’s minimum wage by approximately 12% for 2025 and subsequent years during a press conference on Thursday.

The current minimum wage in Latin America’s second-largest economy stands at 248.93 pesos ($13.54) per day, following previous adjustments by the former administration.

Sheinbaum stated, “We will pursue a wage increase of around 12% for next year and annually thereafter.”

Additionally, she confirmed the government’s intention to shorten the workweek to 40 hours from the current 48, a goal previously championed by her predecessor, Andres Manuel Lopez Obrador, but not successfully enacted.