Claudia Sheinbaum Announces 12% Minimum Wage Increase Plan for Mexico in 2025
In a bold move to boost the economy and improve the lives of Mexican workers, President Claudia Sheinbaum has unveiled a plan to increase the country's minimum wage by around 12% starting in 2025. This announcement comes as welcome news to many in Latin America's No. 2 economy, where the current daily rate stands at 248.93 pesos ($13.54) after recent adjustments.
During a daily press conference, Sheinbaum stated that her government will push for a 12% wage hike each year moving forward. Additionally, she emphasized her commitment to reducing the working week to 40 hours, down from the current 48 hours, a measure that her predecessor attempted but was unable to implement.
This bold move by President Sheinbaum is expected to have a significant impact on the lives and finances of millions of Mexican workers. By increasing the minimum wage and reducing working hours, she aims to improve the overall standard of living and promote economic growth in the country. This news is not only a positive development for workers in Mexico but also signals a shift towards greater economic equality and stability in the region.
In conclusion, President Sheinbaum's plan to increase the minimum wage and reduce working hours is a step in the right direction for Mexico. By prioritizing the well-being of workers and promoting economic growth, she is laying the foundation for a more prosperous and equitable society. It is crucial for individuals to stay informed about these changes and consider how they may impact their own finances and livelihoods.