(Mexico's President says the minimum wage will increase next year)... The President announced a 20% minimum wage increase in 2024.

Beginning January 1st, in most of Mexico, the minimum wage will increase to about 248, or $14.25 per day. Along the Northern Border the minimum wage will increase to about 375 pesos per day, or about $21.50.. For most of the Country the minimum wage will be about $1.75 per hour. The Mexican currency has risen about 10% in value against the dollar since December 2022.