Results of the study for proposing the increasing amount to the Minimum Wage for 2020 and its repercussions

Authors

  • Carlos Alberto Jiménez-Bandala
  • Alma Guadarrama
  • Luis Antonio Andrade
  • Cesaire Chiatchoua
  • Dulce Maria Meneses-Ruiz
  • José Daniel Peralta
  • Enrique Sánchez
  • Edgar Matus
  • Ian Márquez
  • Diana Arellano

Keywords:

Minimum Wage, Neoliberalism, Purchasing Power, Macroeconomic Stability

Abstract

  • The Minimum Wage had an historic recuperation in 2019, however, still represents very serious lags that decrease the living quality of the working class.
  • For the Minimum Wage to reach the purchasing power of 1976, it should increase 281%; while to level the GDP growth per capita of the neoliberal period, the increase should be 349%.
  • For 2020, the Minimum Wage could increase in a nominal range between 24 and 25% to reach an amount of $ 128.60 per day without the inflation exceeding the monetary policy objective (3% +/- 1%).
  • It is recommended and of highest priority to continue with a policy to increase the purchasing power of wages in order to reach dignified levels.

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Published

2020-02-06

How to Cite

Jiménez-Bandala, C. A., Guadarrama, A., Andrade, L. A., Chiatchoua, C., Meneses-Ruiz, D. M., Peralta, J. D., … Arellano, D. (2020). Results of the study for proposing the increasing amount to the Minimum Wage for 2020 and its repercussions. Revista Internacional De Salarios Dignos, 1(02), 1–10. Retrieved from https://revistasinvestigacion.lasalle.mx/index.php/OISAD/article/view/2496

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