Sheinbaum details 2026 minimum wage hikes for professions

Following the December announcement, President Claudia Sheinbaum detailed the 13% minimum wage increase for 2026 during a conference, highlighting adjustments for specific professions and marking the second hike of her term after significant gains under the prior administration.

President Claudia Sheinbaum Pardo confirmed the previously approved 13% national minimum wage rise to 315.04 pesos daily (from 278.80 pesos) and 5% in the Northern Border Free Zone to 440.87 pesos (from 419.88 pesos), effective January 1, 2026.

This follows a 110% real-terms increase during Andrés Manuel López Obrador's administration, reversing decades of stagnation. Labor Secretary Marath Bolaños noted benefits for over 8.5 million workers.

The Labor Secretariat released updated rates for various professions, most aligning with the Northern Border Free Zone rate of 440.87 pesos daily, including masons, electricians, cooks, agricultural day laborers, bulldozer operators, and cash register cashiers. Higher rates apply to some roles, such as print media reporters at 705.46 pesos.

These adjustments aim to enhance incomes for both formal and informal sector workers.

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President Gustavo Petro signs decree for Colombia's 23% minimum wage hike to 2 million pesos in 2026, as workers celebrate and businesses express concerns.
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Colombia Decrees 23% Minimum Wage Increase for 2026 After Intense Negotiations

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Following stalled talks where unions demanded a 16% rise and businesses warned of economic risks, President Gustavo Petro decreed on December 30 a 23% increase in Colombia's 2026 minimum wage, to 1,750,905 pesos plus 24.5% higher transportation aid of 249,095 pesos, totaling 2 million pesos monthly. The hike benefits 2.4 million formal workers and aims for an ILO 'vital wage,' but prompts debate on inflation, SME impacts, and competitiveness.

Mexico's government confirmed a 13% increase in the minimum wage for 2026, benefiting millions of workers. The raise will take effect on January 1 and aims to boost purchasing power without causing inflation.

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Following President Gustavo Petro's December 30 decree of a 23% minimum wage increase for 2026, debate intensifies between workers celebrating relief and businesses fearing job losses and costs. With no prior agreement among stakeholders, focus shifts to implementation and mitigating risks like inflation and informality.

After stalled talks, Colombia's government will decree the 2026 minimum wage on Dec. 29-30, debuting the 'vital minimum wage' for family dignity per ILO standards, President Petro announced. Crucially, it won't mandate raises for salaries above the minimum.

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The Autonomous Fiscal Rule Committee (Carf) warns that the recent 23% minimum wage hike to $2 million—decreed on December 30—could cost $5.3 trillion in 2026 (0.3% of GDP), complicating fiscal sustainability. Labor Minister Antonio Sanguino announced plans to desindex key goods from the wage and provide SME relief to curb inflation.

Economist Gabriel Casillas forecasts a 2026 for Mexico with improved growth prospects, driven by the US economy and a light political agenda. He anticipates gradual fiscal consolidation and early inflationary challenges impacting interest rates. He also highlights the T-MEC review and minor local elections.

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President Claudia Sheinbaum led a rally in Mexico City's Zócalo to mark seven years of the Fourth Transformation, with over 600,000 attendees. In her speech, she highlighted achievements in economy, health, and sovereignty, and reaffirmed her commitment to republican austerity. The event featured messages of unity and defense against disinformation campaigns.

 

 

 

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