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> MEXICO CITY (AP) — Mexico’s president said Friday the country’s minimum wage will rise by 20% in 2024, to the equivalent of about $14.25 per day. > About one
by caditinpiscinam 3y ago
> MEXICO CITY (AP) — Mexico’s president said Friday the country’s minimum wage will rise by 20% in 2024, to the equivalent of about $14.25 per day.
> About one-third of Mexico’s registered workers report earning the minimum wage, which will amount to about $1.75 per hour starting Jan. 1.
$60 is 4 days wages for 1/3 of workers in Mexico. It's the equivalent of $820 for someone making 75k per year in the US. So it's the same as any other free-market healthcare system: easy access for the wealthy at the exclusion of the poor.
https://apnews.com/article/mexico-minimum-wage-increase-peso-dollar-69a48493847a08127e1aff92edc32012 https://apnews.com/article/mexico-minimum-wage-increase-peso...
- moralestapia 3y agoYour reasoning is flawed as $75k/year is WAY above the minimum wage in the US. Adjusting for that, it comes to about ~$160. I'm not saying it's fair, I'm saying it's cheap, compared to the US as that is implied by the context of this conversation. When you buy a $1 dollar shirt from Malaysia, is it cheap? Yes. Is it fair? Who knows. It's the same thing. Also, doctors in Mexico make way more than minimum wage, it's not unusual for some of them to have incomes around 200k-300k USD/year, plus read about RESICO and your jaw will drop to the floor. The average person in the US would kill to have the income and purchasing power doctors have in Mexico.