Analysis - Mexico bets on reforms to boost wages, but no quick fix


  • World
  • Sunday, 04 Aug 2013

MEXICO CITY (Reuters) - Mexicans hoping their president will make good on a campaign promise to boost wages may be in for a long wait, as the country aims to dodge Brazil's mistakes by betting on economic reforms that will take years to translate into labour gains.

President Enrique Pena Nieto came to office in December promising to boost productivity and raise low wages in Latin America's No. 2 economy, which have changed little in over a decade, averaging $21 a day in the formal sector.

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