Mexico’s Wage Hike and Informal Economy Surge

Dive into Mexico's economic landscape as the National Minimum Wage Commission announces a 12% increase in minimum wage for 2025, impacting millions of workers. Explore the rapid growth of the informal economy, which outpaces national GDP, raising questions about labor rights and economic sustainability. This episode provides insights into the dynamics of wage policy and the challenges of informality in Mexico's evolving economy.

Sources:
https://elpais.com/mexico/economia/2024-12-04/mexico-aumentara-el-salario-minimo-un-12-en-2025.html
https://www.eluniversal.com.mx/cartera/crecimiento-de-economia-informal-supera-al-del-pib-nacional-tuvo-alza-anual-de-54-reporta-inegi/

Outline:
(00:00:00) Introduction
(00:00:41) Mexico will increase the minimum salary by 12% in 2025
(00:03:34) Informal economy growth exceeds that of national GDP; had an annual increase of 5.4%, reports INEGI