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Mexico Increases Minimum Wage

Mexico’s new president, Andres Manuel Lopez Obrador, announced a 16% nationwide increase in minimum wage and a doubling of the wage along the Northern border where living costs are higher. The current wage is the equivalent of $4.40 per day and will increase to $5.10 in January, with northern territories making $8.80. President Obrador announced the value-added tax (VAT) will be reduced by half along the border to help businesses offset the wage increase. See Washington Post

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