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Will the minimum wage increase reduce poverty in Mexico by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from Mexico's National Council for the Evaluation of Social Development Policy (CONEVAL)
Story
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.
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