Mexico’s 2012 Minimum Wage, Expected 2012 Inflation rate, and Current Unemployment: Job Creation Critical to Mexico’s Economic Success
Mexico’s Labor Ministry has increased the minimum wage for 2012 by 4.2 percent, bringing the minimum wage in Mexico City (and all of zone A) to 62.33 pesos (the equivalent of ~$4.60 per day). This increase is slightly higher than the 2011 minimum wage increase of 4.1 percent, and is higher than the expected rate [...]