Wage Gaps for acquiring the Wellbeing Basket 2019-2023: The effects of the post-pandemic period

Authors

  • Carlos Alberto Jiménez-Bandala Universidad Autónoma del Estado de Quintana Roo
  • Gabriela Jiménez-Bandala Benemérita Universidad Autónoma de Puebla.

Keywords:

Purchasing Power; Living wages; Consumption Baskets; Wellness; Inflation

Abstract

This paper aims to analyze the changes in the purchasing power of wages in Mexico, ensuring that an average family can consume a Well-being Basket (WB). The WB was developed in 2019 by the International Observatory of Living Wages and consists of three components: food, food preparation, and non-food items. Unlike a basic basket, it includes goods and services that guarantee a dignified level of living, not just survival. The construction of the Basket follows a composite index methodology based on consumption weights, and comparisons use a Laspeyres index. The results show that despite the post-pandemic inflationary period, extraordinary increases in the minimum wage reduced the purchasing gap by 42%. However, this remains insufficient, making it necessary for this wage recovery policy to extend beyond a single presidential term.

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Author Biographies

Carlos Alberto Jiménez-Bandala, Universidad Autónoma del Estado de Quintana Roo

Profesor-Investigador División de Administración Turística y Mercadotecnia, Universidad Autónoma del Estado de Quintana Roo. Miembro del Sistema Nacional de Investigadores. C.E

Gabriela Jiménez-Bandala, Benemérita Universidad Autónoma de Puebla.

Profesora-Investigadora Facultad de Filosofía y Letras, Benemérita Universidad Autónoma de Puebla.

Published

2024-07-01

How to Cite

Jiménez-Bandala, C. A., & Jiménez-Bandala, G. (2024). Wage Gaps for acquiring the Wellbeing Basket 2019-2023: The effects of the post-pandemic period . Revista Internacional De Salarios Dignos, 6(1), 68–103. Retrieved from https://revistasinvestigacion.lasalle.mx/index.php/OISAD/article/view/4249

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