1 dataset found
  1. Minimum wage per day in Mexico 2021-2025

    • ai-chatbox.pro
    • statista.com
    Updated Jul 3, 2024
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    Jose Sanchez (2024). Minimum wage per day in Mexico 2021-2025 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F11201%2Fincome-and-wealth-in-mexico%2F%23XgboD02vawLZsmJjSPEePEUG%2FVFd%2Bik%3D
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    Dataset updated
    Jul 3, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Jose Sanchez
    Area covered
    Mexico
    Description

    The minimum wage per day guaranteed by law in Mexico was decreed to increase by approximately 12 percent between 2024 and 2025, reaching 278.8 Mexican pesos in 2025. The Northern Free Zone located near the northern border was the exception, where the minimum daily wage increased to 419.88 Mexican pesos. Education and income disparity The income distribution is entirely a new story than minimum wages, in fact, there are many factors that influence the level of salaries for Mexican workers. One of the main differences is by the number of schooling years, someone with more than 18 years of study earns on average double than employees with seven to nine years. Moreover, the area of study, while statistics and finance mean salaries, the highest wages by degree, are above 30,000 Mexican pesos per month, others such as performing arts and theology rank as the lowest paying degrees in Mexico.
    Poverty still among the main problems
    Despite one of the main reasons for minimum wage increases being moving people out from poverty conditions, poverty continues to be one of the main problems Mexican society faces. The number of people living under poverty conditions has decreased by 8.54 million inhabitants from 2014 to 2022, nonetheless, the figure is still higher than 46.5 million. The poverty rate varies among states, with Chiapas leading the ranking with 67.4 percent of the population under such conditions, while both Baja California and Baja California Sur recorded less than 14 percent.

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Share
FacebookFacebook
TwitterTwitter
Email
Click to copy link
Link copied
Close
Cite
Jose Sanchez (2024). Minimum wage per day in Mexico 2021-2025 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F11201%2Fincome-and-wealth-in-mexico%2F%23XgboD02vawLZsmJjSPEePEUG%2FVFd%2Bik%3D
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Minimum wage per day in Mexico 2021-2025

Explore at:
Dataset updated
Jul 3, 2024
Dataset provided by
Statistahttp://statista.com/
Authors
Jose Sanchez
Area covered
Mexico
Description

The minimum wage per day guaranteed by law in Mexico was decreed to increase by approximately 12 percent between 2024 and 2025, reaching 278.8 Mexican pesos in 2025. The Northern Free Zone located near the northern border was the exception, where the minimum daily wage increased to 419.88 Mexican pesos. Education and income disparity The income distribution is entirely a new story than minimum wages, in fact, there are many factors that influence the level of salaries for Mexican workers. One of the main differences is by the number of schooling years, someone with more than 18 years of study earns on average double than employees with seven to nine years. Moreover, the area of study, while statistics and finance mean salaries, the highest wages by degree, are above 30,000 Mexican pesos per month, others such as performing arts and theology rank as the lowest paying degrees in Mexico.
Poverty still among the main problems
Despite one of the main reasons for minimum wage increases being moving people out from poverty conditions, poverty continues to be one of the main problems Mexican society faces. The number of people living under poverty conditions has decreased by 8.54 million inhabitants from 2014 to 2022, nonetheless, the figure is still higher than 46.5 million. The poverty rate varies among states, with Chiapas leading the ranking with 67.4 percent of the population under such conditions, while both Baja California and Baja California Sur recorded less than 14 percent.

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