Mexico Passes Lopez Obrador's Constitutional Reform to Increase Minimum Wages Above Inflation

Oct 10, 2024, 02:41 PM

On October 10, Mexico's Congress approved a constitutional reform proposed by former President Andres Manuel Lopez Obrador, mandating that annual minimum wage increases exceed the previous year's inflation rate. This measure aims to ensure that the wages of workers keep pace with the rising cost of living by outpacing inflation. The reform seeks to bolster the purchasing power of the country's lowest-paid workers and address income inequality.