Coparmex analyzes increase in the minimum wage

dinero

 

Mexico City, August 1, 2014.- The Employers Confederation of the Mexican Republic (Coparmex) in Mexico City, has detailed for a possible increase in the minimum wage will require certain changes in the structure of employment in the country.

 

Competitive conditions and to certain payments decoupling are the elements that would mean a pay rise, which would generate, according to the Confederation, more jobs.

Companies require these conditions, says José Luis Beato, president Coparmex, and in the Mexican capital pressure authority on closure or closures, and since these issues are resolved seen the conditions improve, largest companies arrive, invest more and wages grow.

 

Also explained that to have a real increase in the minimum wage, it must, first, disassociate about 800 payments for different items, fines, insurance premiums, taxes and more. Not decouple the concepts up those expenses would be recorded.

 

This was explained prior to their participation in the Diagnostic Forum on Energy Situation in the Federal District: Challenges, Pending and Potential

 

An increase in wages, he says, can not be taken not to bind first of those costs, affecting state revenue; continues to raise the wage, the limits should pay taxes rise.

 

It is intended to raise the minimum wage at least 20 pesos for 2015, which means 29% and by 2025, 171 pesos

 

Currently seeks a referendum next year to ask citizens whether they would agree to an increase in the minimum wage, which could reach, according to study parameters, monthly 500 pesos, 84 pesos a day.

 

Juan Pablo Castanon, national president of the Coparmex noted that an increase would be bad for workers as inflation would skyrocket and the 80’s, which reached levels of 10-30%.

 

It seeks to increase the salary, I say, but not by decree. The National Minimum Wage Commission (Conasami), has sought to improve them, and eliminate the gap in the country and to increase wages and inflation exceeds to recover lost purchasing power.

 

Concluded that it should be analyzed well the proposal, because in Mexico only 12 to 13% of formal workers earn minimum wage.

 

Mexican Business Web

 

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