International News: Mexico to increase minimum wage by 20% in 2023

By Zoila Palma Gonzalez: On Thursday, the Government of Mexico announced that it will increase the minimum wage by 20% in 2023, CNN reports.

The announcement was made after the administration of President Andres Manuel Lopez Obrador reached a deal with the labor and business sector.

The increase will commence on January 1 and will see the minimum wage go from 172 Mexican pesos ($9 US) to 207 Mexican pesos ($10.82 US), Labor Minister Luisa Maria Alcalde said.

The Government of Belize has also announced that the John Briceno administration plans to implement the $5 minimum wage in 2023.

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