Results of the study to propose the amount of the increase to the Minimum Wage for 2021 and its repercussions

Authors

  • Carlos Alberto Jiménez-Bandala Universidad La Salle México https://orcid.org/0000-0003-4431-0054
  • Luis Andrade
  • Diana Arellano
  • Ian Márquez
  • Alma Cossette Guadarrama
  • Jose Peralta
  • Enrique Sánchez
  • Edgar Matus

Keywords:

Minimum Wage, Neoliberalism, Wage Policy, Labor Market

Abstract

In 2019 and 2020, the increases to the Minimum Wage had a positive impact on the fall in Labor Poverty and reduced the wage gap that had existed since 1976; In this sense, this work aims to carry out a projection of a proposal to increase the minimum wage for 2021 in Mexico without affecting the variables inflation and employment. Using a data panel and a multivariate regression model, it is shown that the increase could be in a nominal range of 19 to 23% to reach an amount of between $ 146.63 to $ 151.56, in addition to showing that the salary increases had positive repercussions in the face of the CoViD-19 pandemic.

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Published

2020-12-10

How to Cite

Jiménez-Bandala, C. A., Andrade, L., Arellano, D., Márquez, I., Guadarrama, A. C., Peralta, J., … Matus, E. (2020). Results of the study to propose the amount of the increase to the Minimum Wage for 2021 and its repercussions. Revista Internacional De Salarios Dignos, 2(4), 1–17. Retrieved from https://revistasinvestigacion.lasalle.mx/index.php/OISAD/article/view/2840

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