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SourceMex PDF file 1990 right arrow Nov

Real Minimum Wage Decline

LADB Article ID: 068972
Category/Department: General
Date: Wednesday, November 7, 1990
By: Steven Ranieri

According to the National Minimum Wage Commission and the Banco de Mexico, from December 1987 to August 1990, consumer prices have increased 116% while the minimum wage has risen only 66.3%. The real minimum wage has thus declined by 23%. At 10,...

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