BY DAVID FLORES
The official announcement from the National Commission of Minimum Wages is not due until early in December and will become effective as of January 1, 2024. But the president of the Employers Confederation has already leaked it will increase by 20% just like last year. That would make for a total of 75,000 pesos a year, about USD 4,500 at the current rate of exchange. Yes, per year.