Home Business-newBusiness Business chamber seeks to raise minimum wage in Yucatán

Business chamber seeks to raise minimum wage in Yucatán

by Yucatan Times
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If the initiative succeeds it will give workers a better standard of living; it also seeks to achieve this improvement without having an inflationary impact….

MERIDA — The Confederation of Employers of the Mexican Republic (Coparmex) presented on Wednesday October 25, for the second time this year, at the meeting of the council of representatives of the National Commission of Minimum Wages (Coanasami), a proposal to increase the minimum wage from $80.04 to $94.00 pesos per day.

The Coparmex president in Yucatan, Gustavo Cisneros Buenfil, pointed out that the proposed increase in the General Minimum Wage (SMN) would tie it to the welfare line established by the National Council for the Evaluation of Social Development Policy (Coneval).

He explained that at its current level of $80.04 pesos, the General Minimum Wage covers only 84% of the amount needed to reach the welfare line.

(Photo: La Verdad)

He said that if the Coparmex proposal materialized, all people working in the formal economy would get one hundred percent of the sum required to satisfy the basic necessities and the non-food necessities in the urban centers. That is, workers would reach the welfare line.

The Coparmex initiative contemplates a comprehensive agenda, with specific measures that include training the workers, so that they can develop the necessary competencies for the new competitive environment; as well as measuring and paying for productivity, Buenfil recalled.

Coparmex’s proposal was backed by the National Council for the Evaluation of Social Development Policy (Coneval), whose executive secretary, Gonzalo Hernández, agreed that a $14 pesos adjustment would not affect inflation or the labor market and, instead, would contribute to strengthening the purchasing power of lower-income workers.

Finally, the employers’ sector called on workers’ representatives and the government to reach an agreement for Mexico to have a new salary culture with a long-term vision and urged them to take the first steps in that direction.

Source: laverdadnoticias.com

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