MEXICO CITY (El Universal).— The proposal of the employers’ union for the increase in the minimum wage is 12% by 2025said the president of the Employers’ Confederation of the Mexican Republic (Coparmex), José Medina Mora.
At the end of the inauguration of the “Labor Forum, the current dynamism at work,” the leader of Coparmex said that “to reach the line of family well-being The proposal is that by 2025 it will be 12% (increase), only in the minimum wage.”
Given the proximity of talks between representatives of workers, employers and the federal government to determine the salary increase, Medina Mora added that they are happy that the president Claudia Sheinbaum “has taken the proposal that 12% is appropriate for 2025.”
Medina Mora explained that this would only be seen for the general minimum wage, because “we must be aware that, In the northern border area, the minimum wage already exceeds the family well-being line by 25%, There is no need for that increase, only in the general minimum wage.”
Coparmex agrees with Claudia Sheinbaum: it proposes a 12% salary increase
The leader of the employers’ union commented that From 2019 to 2024 it increased by more than 130% the minimum wage, with the goal that a family of four people can support themselves with two salaries to cover the food and non-food baskets.
The decision on the increase will be made in December at the meeting of representatives of employers, workers and the government.
At the event, the president of the Labor Commission, Ricardo Barbosa, said that there should be a six-year reform plan so that the private sector can evaluate the impact of these, otherwise the bombardment of reforms will continue every day, “some of They are absurd.”
In this regard, Medina Mora said that all labor measures must be analyzed globally because they have a cost.
“We have to analyze all the labor reforms as a whole” because if they are evaluated separately they will not reflect the impact that they will especially have on small and medium-sized companies, which will prefer to go informally, instead of remaining in the formal sector.
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**Interview with José Medina Mora, President of the Employers’ Confederation of the Mexican Republic (Coparmex)**
**Interviewer:** Good afternoon, Mr. Medina Mora. Thank you for joining us today to discuss the recent announcement regarding the minimum wage increase in Mexico.
**José Medina Mora:** Thank you for having me. It’s a pleasure to be here.
**Interviewer:** Let’s start with the upcoming wage increase set for January 1, 2024. The daily minimum wage is rising significantly from 207.44 pesos to 248.93 pesos. What does this increase mean for workers and the economy as a whole?
**José Medina Mora:** This increase is a major step toward improving the living standards of workers in Mexico. The rise reflects a commitment from our government to ensure that wages are more aligned with the cost of living. This will also stimulate the economy, as workers will have more purchasing power.
**Interviewer:** You mentioned a proposal for a further 12% increase by 2025. Can you elaborate on how this would support family well-being?
**José Medina Mora:** Certainly. Our proposal aims to align the minimum wage with what we consider a necessary income for family well-being. By increasing the wage by 12% by 2025, we hope to further boost the financial stability of families, allowing them to meet their basic needs and contribute to economic growth.
**Interviewer:** How are discussions between workers, employers, and the government shaping the outcome of these wage increases?
**José Medina Mora:** These discussions are crucial. We’re pleased that President Claudia Sheinbaum has been receptive to the idea of a 12% increase by 2025. Open dialogue between all parties will help us reach agreements that are beneficial for both workers and employers, ensuring that we can sustain business growth while supporting our workforce.
**Interviewer:** What challenges do you foresee in implementing these wage increases, especially for businesses?
**José Medina Mora:** One challenge is ensuring that businesses can absorb these costs without compromising their viability. It’s essential for us to find a balance that supports worker welfare while allowing businesses to thrive. We must continue to invest in productivity and innovation.
**Interviewer:** Thank you, Mr. Medina Mora, for sharing your insights today. We look forward to seeing how these developments unfold.
**José Medina Mora:** Thank you for the opportunity. It’s an important conversation for the future of our workforce and economy.
