GC ALERT | New minimum wages in force in Mexico as of 2024: 20% increase

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On December 12th, 2023, it was published in the Official Gazette of the Federation the resolution issued by the Council of Representatives of the National Minimum Wage Commission pursuant to which the Mexican government, the labor and business sectors agreed a 20% increase to both the minimum wage and the professional minimum wage, which will be in effect as of January 1st, 2024.

By virtue of the aforementioned resolution, the minimum daily wage in most of Mexico will increase from MXN $207.44 to MXN $248.93.

Consult the complete news in our PDF version by clicking here.

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For almost four decades, González Calvillo has challenged the standards and rewritten the full-service firm model with a solution-oriented approach, evolving the practice of law in Mexico. Our firm is driven by the commitment to doing things differently, having a deep knowledge of the Mexican legal ecosystem, and our behaviour and interaction with today’s globalised business environment. That is how over 150 people between partners, counsel, associates, and other business professionals are responsible for making González Calvillo one of Mexico’s leading law firms. Our firm’s services are designed to help clients solve their most complex and challenging legal issues, finding the best solution for each case. By understanding clients’ business culture and strategy, González Calvillo establishes a close and strategic alliance that enables them to achieve more. For more information, please visit www.gcsc.com.mx.

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