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Mexico’s Minimum Wage for 2024 Will Increase by 20 Percent

Effective January 1, 2024, the daily minimum wage applicable will be MXN $374.89 (approximately USD $21.83) for the Free Zone of the Northern Border (Zona Libre de la Frontera Norte, ZLFN) and MXN $248.93 (approximately USD...more

Mexico Approves Increases to Daily Minimum Wages for 2021

On December 16, 2020, the Mexican National Commission on Minimum Wages (Comisión Nacional de los Salarios Mínimos or CONASAMI) approved, by majority vote, a general increase to the daily minimum wage, including an increase to...more

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