IDB Calls for Caution in Next Minimum Wage Increase
4 Articles
4 Articles
The minimum wage in Mexico has already exceeded what an average worker earns in the country. In order not to cause any further negative effects on the labor system, such as an escalation of informality, increases forward require “much greater care,” warned David Kaplan, researcher at the Labor Markets and Social Security Division of the Inter-American Development Bank (IDB).
“We recommend care with the minimum wage forward,” said David Kaplan, a specialist in the Labor Markets and Social Security Division of the Inter-American Development Bank (IDB). The closeness of basic pay in Mexico to the average wage in Latin America and the Caribbean “is a fact that merits reflection and justifies much greater care in future increases.” During the presentation of the book Making Labor Markets Work, convened by Citizen Action …
David Kaplan, a specialist in the Labor Markets and Social Security Division of the IDB, highlighted that in our country, the minimum wage reports one of the biggest increases in Latin America and the Caribbean, however, certain warning signs are beginning to be perceived. He explained that no increases can be given by decree, since [...] The article Care with the increase to the minimum wage as it could cause an increase in informality: IDB fir…
The level of basic remuneration warrants a more cautious analysis for the next increases, as do specialists, in addition to other public policies that boost productivity.
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