Mexico minimum wage rises to 80 pesos, falls in dollar terms
MEXICO CITY — Mexico has increased its minimum wage to just over 80 pesos a day, though its dollar value is down due to the peso’s devaluation.
The minimum wage this year was about 73 pesos, worth $4.20 when it was announced last December. Since then, Mexico’s peso has declined from 17.35 for $1 to 20.56 for $1, as of Monday. That means the 80-peso minimum wage for 2017 is worth about $3.90.