Lucinda Vargas, associate director of the Center for Border Economic Development at New Mexico State University: “Mexico’s minimum wage more than doubled during the six years of the previous administration, increasing on average 19 percent per year from 2019 to 2024. The 12 percent minimum wage increase to take effect in 2025, which is to be followed by similar annual increases during the Sheinbaum administration, has the stated target of achieving, by 2030, a minimum-wage earner’s ability to afford 2.5 baskets of basic grocery goods, up from 1.8 baskets afforded by the current minimum wage. Of the 59.5 million employed workers in Mexico in the third quarter of 2024, around 37.4 percent earned the minimum wage, while 32 percent earned up to twice the minimum wage. Regarding the higher minimum wage that applies in Mexico’s northern border zone…”
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