Historic Minimum Wage Increase Announced

 Historic Minimum Wage Increase Announced

The federal government announced this morning the highest salary increase in 40 years, agreed upon workers’ unions, business organizations and the government. The new minimum wage, effective January 1, 2023, will go up 20 percent and will be 207.44 pesos for an 8-hour shift (about $10.63 USD), up from 172.87 pesos. For the border zones, the new minimum will be 312.41 pesos (about $16.02), up from 260.64 pesos. Even your home workers must receive this increase.