12% Minimum Wage Increase Takes Effect

Mexico's minimum wage rose 12% on January 1, 2025, outpacing the 3.76% inflation rate. This extended a remarkable trend: between 2021 and 2025, Mexico's real minimum wage rose 56.7%, the highest among OECD countries over that period. The increase was touted as a pillar of Sheinbaum's social equity agenda.