Far from stopping the salary increase, Mexico has to accelerate its recovery, and place salaries at 8,500 pesos, especially those medium and large formal companies, since there is sufficient profit margin and it would not have an impact, despite inflation, he assured. Rogelio Gómez, coordinator of Citizen Action Against Poverty.
He also stressed that the negotiations in the Minimum Wage Commission has the possibility of increasing the salary by 10%, and adding 100 pesos to the Independent Recovery Amount (MIR), it is important for employers to stop being “poverty factories” and if they can support an increase of this level, especially the stores self-service stores that have wide profit margins.
In this sense, he affirmed that the federal government must “accelerate the recovery, it must reach the goal now, yes, it can be done that way, empirical data shows, and this would have a positive effect on productivity and consumption in the domestic market. It would have no negative effects on inflation.
He explained that “remuneration for operating and sales personnel, where the lowest salaries are concentrated, represent only 5% of total spending and 3.6% of income.”
While in large and medium economic units they represent 4.8% of spending and 3.5% of income.
In such a way that “formal, medium and large companies adopt the sufficient salary of 8,500 per month as a minimum floor in their payroll, it would be a way to end the factories of poverty.”
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