CCE supports a 20% increase in the minimum wage for 2023 proposed by AMLO

The Business Coordinating Council (CCE) supports the 20% salary increase for 2023, announced by the president of Mexico, Andrés Manuel López Obrador as a tripartite agreement between the government and the labor sector.

Francisco Cervantes, President of the CCE He said that the agreements between the businessman are heading to increase 20%, despite the fact that the Employers’ Confederation of the Mexican Republic (coparmex) had raised 15% for the 2023 minimum wage.

What we want is to prevent wages from going down the stairs and inflation down the elevator. You have to balance this very well,” she said.

At a press conference, the representative of the Mexican business sector said: “it will be rounded off by 20%, if the president (López Obrador) already said so yesterday in the report (on the occasion of his fourth year in office).”

The salary proposal for the labor sector is to achieve a 25% increase, although the president of Coparmex, José Medina Mora, rejected the initiative, arguing that small and medium-sized companies (SMEs) would be affected, with the risk of migrating to the information.

During the negotiations with the National Minimum Wage Commission (Conasami), the private sector raised the 15% increase for 2023, which covers the inflationary effect plus an Independent Recovery Amount (MIR).

The CCE He said that both the proposal of the workers (of 25%) and that of the Business sector, “both will be subjected to analysis to reach a consensus and find what is best for the increase in the salary of the workers.”

But CCE 20% support, and it is that it is concerned that the larger proposals for the business approach will generate an increase in inflation, which will have an impact on the purchasing power of workers, but also that the adjustment of the SMG will push informality.

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