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
  • Diana Arellano Aceves
  • Ian Márquez Olvera
  • Luis Antonio Andrade Rosas
  • Alma Guadarrama
  • José Daniel Peralta
  • Enrique Sánchez
  • Edgar Manuel Matus

Keywords:

Minimum Wage, Neoliberalism, Purchasing Power, Macroeconomic Stability

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., Arellano Aceves, D., Márquez Olvera, I., Andrade Rosas, L. A., Guadarrama, A., Peralta, J. D., … Matus, E. M. (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), 65–80. Retrieved from https://revistasinvestigacion.lasalle.mx/index.php/OISAD/article/view/2890

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