Mexican government announces 13% minimum wage increase

Mexico's government said on Wednesday it will raise the minimum wage by 13% in 2026, the latest in a series of public policies from two consecutive leftist administrations aimed at helping poor workers.

The minimum wage will rise to 315.04 Mexican pesos ($17.27)per day, part of an agreement between labor, business and the government leaders, Labor Minister Marath Bolanos said. ($1 = 18.2453 Mexican pesos)