Mexican government announces 13% minimum wage increase

Mexico's Labor Secretary Marath Bolanos speaks after the announcement that he will continue as Labor Secretary in Mexico's President-elect Claudia Sheinbaum's cabinet, in Mexico City, Mexico July 18, 2024. REUTERS/Henry Romero

MEXICO CITY, Dec 3 (Reuters) - Mexico's government said on Wednesday it will raise the minimum wage by 13% in 2026, the latestin a series of public policies from two consecutive leftist administrations aimed at helping poor workers.

The minimum wage will rise to 315.04 pesos ($17.27) per day, part of an agreement between labor, business and the government leaders, Labor Minister Marath Bolanos said.