Employers back gradual minimum wage increase to 2030

Mexico's Employers' Confederation (Coparmex) will provide technical support for President Claudia Sheinbaum's goal to raise the minimum wage to 2.5 times the value of the food and non-food basket by 2030, with annual responsible reviews. In Baja California, the minimum wage will increase from 419 to 440 pesos daily starting January 1, 2026. This policy aims to strengthen family economies and formal employment without undermining competitiveness.

President Claudia Sheinbaum has set the goal for the minimum wage to reach 2.5 times the value of the food and non-food basket by 2030. Coparmex, led by Juan José Sierra Álvarez, will provide technical support to achieve this target, always with an annual responsible review assessing the labor market, inflation, productivity, and economic growth to protect formal employment.

Sierra Álvarez stressed that the support will be technical, responsible, and evidence-based. However, he warned that wages cannot be increased indefinitely: “The wage policy has limits. We cannot keep raising them without creating pressures that affect formal employment, competitiveness, or the viability of micro, small, and medium-sized enterprises”.

Between 2018 and 2024, 13.4 million people escaped poverty, with 6.6 million doing so thanks to employment and wages, according to Conasami data. Coparmex highlights that formal employment generates greater benefits than social programs and emphasizes the need for pillars like legal certainty, rule of law, security, and competitively priced energy to drive growth.

In Baja California, Governor Marina del Pilar Ávila Olmeda welcomed the minimum wage hike to 440 pesos daily from January 1, 2026, equating to 13,409.80 pesos monthly in the Northern Border Free Zone. This progress, part of the Fourth Transformation started by Andrés Manuel López Obrador, marks a 154% increase over seven years. “In the Governments of the Fourth Transformation, in just 7 years the minimum wage increased by 154 percent, a historic figure,” the governor stated.

Through dialogue among government, businesses, and workers, Mexico has closed gaps in purchasing power, improved pensions, and strengthened labor rights without risking economic stability.

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