What is the minimum wage in Mexico?
The salary in Mexico is established in general for the entire country and for the free zone of the northern border with the United States. For this year, the National Minimum Wage Commission (Conasami) determined it at 172.87 pesos per day in general, and for the northern zone at 260.34 pesos.
In the north, more is paid with the objective that people who seek to go to the United States stay in the area of Mexico encouraged by better conditions, explained Rolando Silva, a member of the Social Security Technical Commission of the College of Public Accountants of Mexico. (CCPM).
The minimum wage is earned daily, that is, it is paid every time you work, even in some cases it is paid by the hour. The periodicity of the payment; which can be monthly, fortnightly or weekly is determined by an agreement between the worker and the employer.
weekly minimum wage
Being the payment per day, in a six-day working week, the worker must receive 1,037 pesos or 1,562.04 if he is in the north of the country.
monthly minimum wage
For a month of work, a person who earns a minimum wage can receive between 4,840.36 and 5,186.10 pesos, and in the north up to 7,810.2 pesos, according to Expansion estimates. A year a minimum wage, for a person who works six days a week is equivalent to 62,233.2 pesos-
Does a minimum wage pay taxes?
Income less than 7,000 pesos per month is not taxed with Income Tax (ISR), so those who earn up to a minimum wage are exempt from collecting this tax, explained Silva from the CCPM.
Is it enough to live in this country with the minimum wage?
In accordance with article 90 of the Federal Labor Law, the minimum wage must be sufficient to satisfy the normal needs of a head of family in the material, social and cultural order, and to provide for the compulsory education of the children.
However, most of a weekly minimum wage is absorbed by the cost of a basic food basket that, on average, feeds four people per week.
Buying the 24 products of the Basic Basket contained in the Plan Against Inflation and Scarcity (PACIC), costs between 1,068 and 1,200 pesos, while the amount of a minimum wage per week is 1,037 and up to 1,565.04 pesos, refers a exercise carried out by Expansión.
According to figures from the National Institute of Statistics and Geography (Inegi), 38.4% of people who work in Mexico earn up to a minimum wage; On the other hand, 38.4% earn between one and two minimum wages; 11.2% earn two to three minimum wages; those who earn three and up to five minimum wages represent 4.3% of the working population, and those who earn more than five minimum wages represent 1.3%.
