Lopez Obrador announces 20% wage increase in January
The president of Mexico, Andres Manuel Lopez Obrador, announced a 20 percent salary increase that will take effect as of January 1, 2024. teleSUR
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00:00 of Mexico, Andres Manuel Lopez Obrador announced a 20% salary increase that will take effect
00:04 as of January 1st, 2024.
00:06 During the press conference, the head of state assured that the increase was developed after
00:11 an agreement between the labor sector and the business sector on the country.
00:15 Lopez Obrador assured that this measure means the fulfillment of one of his commitments
00:22 since he assumed presidency, he promised that the minimum wage will be double.
00:26 If we take into account that in the free zone of the northern border the salary goes from
00:38 88 pesos in 2018 to 375 pesos a day as of January 1st, that is from 2,687 pesos a month
00:47 to 11,403 pesos a month.
00:52 This has not happened for at least 50 years, so that is why I say it is historic, what
00:57 a great way to commemorate the five years of our government by showing that progress
01:01 is possible.