The Minimum Wage: Perverse Incentive for the Mexican Labor Market?

El Financiero

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Throughout the so-called fourth transformation, the minimum wage has had a total of eight increases, all notable. In the final stretch of President Enrique Peña Nieto, the amount was eighty-eight pesos a day; from then on, the following eight increments have been two digits; apparently, that will be the permanent tonic and this is plausible. We could affirm that the economy has “sustained” these increases, dismantling the myth of the increase to…