utilitus Posted December 1, 2023 Report Share Posted December 1, 2023 https://www.nasdaq.com/articles/mexicos-minimum-wage-to-rise-20-in-2024-president-says Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted December 1, 2023 Report Share Posted December 1, 2023 The vote has passed by La Comisión Nacional de Salarios Mínimos. The 2024 minimum will be $249. The next changes to be voted on : Aguinaldo Digno which seeks to modify article 87 of the Federal Labor Law to double the number of days pay for Aguinaldo from 15 days to 30 days. An initiative to reform the Federal Labor Law and reduce the weekly working day from 48 to 40 hours. 3 Quote Link to comment Share on other sites More sharing options...
ibarra Posted December 1, 2023 Report Share Posted December 1, 2023 Important to remember this increase is per day, not per hour. ...taking minimum rates up to 249 pesos ($14.41) per day. 1 Quote Link to comment Share on other sites More sharing options...
Usvetsinmexico Posted December 1, 2023 Report Share Posted December 1, 2023 Also upping residents requirements 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted December 1, 2023 Report Share Posted December 1, 2023 1 hour ago, Usvetsinmexico said: Also upping residents requirements If by that you mean the income requirements for obtaining residency of course. Many government costs or requirements, sometimes even traffic fines, are keyed to the minimum daily wage. Quote Link to comment Share on other sites More sharing options...
panchocuerdas Posted December 1, 2023 Report Share Posted December 1, 2023 The impact that this wil bring to our internal inflation will be huge!! this president is more than stupid is just moving mexico into a venezuela economy 8 Quote Link to comment Share on other sites More sharing options...
Usvetsinmexico Posted December 2, 2023 Report Share Posted December 2, 2023 5 hours ago, panchocuerdas said: The impact that this wil bring to our internal inflation will be huge!! this president is more than stupid is just moving mexico into a venezuela economy Same as $20 hour fast food workers 8n CA lol 1 Quote Link to comment Share on other sites More sharing options...
NEWMtnMama Posted December 2, 2023 Report Share Posted December 2, 2023 Oh the horror of it - paying someone a living wage. 4 1 Quote Link to comment Share on other sites More sharing options...
rvanparys Posted December 2, 2023 Report Share Posted December 2, 2023 Enjoy your $16 Big Mac! Quote Link to comment Share on other sites More sharing options...
pappysmarket Posted December 2, 2023 Report Share Posted December 2, 2023 16 hours ago, panchocuerdas said: The impact that this wil bring to our internal inflation will be huge!! this president is more than stupid is just moving mexico into a venezuela economy Tends to discourage the riff raff 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted December 2, 2023 Report Share Posted December 2, 2023 17 hours ago, panchocuerdas said: The impact that this wil bring to our internal inflation will be huge!! this president is more than stupid is just moving mexico into a venezuela economy Actually very few workers in Mexico work for minimum wage, there are a host of other factors far more important. https://www.banxico.org.mx/ 1 Quote Link to comment Share on other sites More sharing options...
panchocuerdas Posted December 2, 2023 Report Share Posted December 2, 2023 2 hours ago, Mostlylost said: Actually very few workers in Mexico work for minimum wage, there are a host of other factors far more important. https://www.banxico.org.mx/ This is the main issue, this percentage will be the base for the unions % request for 2024 Quote Link to comment Share on other sites More sharing options...
SunFan Posted December 2, 2023 Report Share Posted December 2, 2023 Think of what it will do to residency income requirements if that formulae is not revised. $84,000+ USD per individual. SunFan 1 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted December 2, 2023 Report Share Posted December 2, 2023 8 hours ago, pappysmarket said: Tends to discourage the riff raff 🤣 Quote Link to comment Share on other sites More sharing options...
bmh Posted December 3, 2023 Report Share Posted December 3, 2023 well that should slow down the invasion😃 2 Quote Link to comment Share on other sites More sharing options...
RickS Posted December 3, 2023 Report Share Posted December 3, 2023 Monthly income is just one way to obtain a Visa. Showing 6 continuous months of bank statements equaling, I believe now, about $50,000 US gets one the prize also. While many retired folks may not have $84,000 of 'income' they do have 'savings' that would more than qualify them. 1 Quote Link to comment Share on other sites More sharing options...
Whipstock Posted December 3, 2023 Report Share Posted December 3, 2023 1 hour ago, RickS said: Monthly income is just one way to obtain a Visa. Showing 6 continuous months of bank statements equaling, I believe now, about $50,000 US gets one the prize also. While many retired folks may not have $84,000 of 'income' they do have 'savings' that would more than qualify I believe monthly income AND a years savings are based on a multiple of the minimum days pay. Both go up. I sure don't mind being corrected on this matter. Quote Link to comment Share on other sites More sharing options...
RickS Posted December 3, 2023 Report Share Posted December 3, 2023 Not sure of your point but.... I was just suggesting that there are more ways than just monthly income to qualify for residency. The 'baselines' will increase (they always have) next year as this Post is discussing. Temporal will increase from $55k to $72k of savings. 1) Monthly income 2) Saving/Investments 3) Mexican home ownership and 4) Investing in a business here https://www.mexperience.com/financial-criteria-for-residency-in-mexico/ 2 Quote Link to comment Share on other sites More sharing options...
Usvetsinmexico Posted December 3, 2023 Report Share Posted December 3, 2023 Glad we got our perm residents 2 years ago. And raises in min wage gets you large cost in creases. Was watching a video of a woman who went to 5 bros in cali and she showed a receipt for 2 burger meals...$60 lol. A guy responded with his own video taco bell for 2 people $30! Yeah these types of min wage increases sure don't cause inflation. 1 Quote Link to comment Share on other sites More sharing options...
pappysmarket Posted December 3, 2023 Report Share Posted December 3, 2023 3 hours ago, Usvetsinmexico said: Glad we got our perm residents 2 years ago. And raises in min wage gets you large cost in creases. Was watching a video of a woman who went to 5 bros in cali and she showed a receipt for 2 burger meals...$60 lol. A guy responded with his own video taco bell for 2 people $30! Yeah these types of min wage increases sure don't cause inflation. But it tends to keep the riff raff outta Mexico...always a positive development. 1 1 Quote Link to comment Share on other sites More sharing options...
Whipstock Posted December 3, 2023 Report Share Posted December 3, 2023 15 hours ago, RickS said: Not sure of your point but.... I was just suggesting that there are more ways than just monthly income to qualify for residency. I was trying to point out that all the ways in are increasing the amount needed. Obviously I worded it badly. Quote Link to comment Share on other sites More sharing options...
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