Coparmex proposes large increase for 2017 Mexican minimum salary

The Employers Confederation of the Mexican Republic (Coparmex) on 23 November 2016 proposed a rise to the minimum wage to increase purchasing power of Mexican workers (Expansion). Coparmex suggested the daily minimum salary be hiked from its current figure of US$3.52 to US$4.31 by the end of 2017 (Expansion). The fear from the Bank of Mexico and circles of the private sector is that an increase in the minimum wage may generate inflationary pressures. Coparmex recommended a gradual increase in wage hikes to place over the course of 2017 (Dinero).