Effect of the increase in the Minimum Wage on the employment level
Keywords:
Minimum Wage, Employment, Econometric Analysis, Macroeconomic StabilityAbstract
- Based on the statistics provided by the IMSS, the number of jobs was not affected by the increase in the minimum wage of January 2019.
- The dynamics of job creation were also not affected by the salary increase, either at the national level or at the disaggregated level in the north of the country.
- The analysis of the statistical results does not coincide with those obtained by BANXICO and methodological errors of the central bank study are highlighted.