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Minimum Wage in Mexico: Increases Will Not Affect Most Manufacturers

Minimum Wage in Mexico: Increases Will Not Affect Most Manufacturers

On December 16, 2019, the Mexican National Minimum Wage Commission (CONASAMI), agreed to increase the daily minimum wage in Mexico beginning January 1, 2020. This is the second minimum wage increase in a year and affects around 3.44 million workers in Mexico.

Starting January 1, 2020 the new daily minimum wage will increase to $123.22 MXP for most of Mexico (approximately $6.40 dollars a day when the peso is $19.25/dollar), while the new daily minimum wage along Mexico’s northern border region will increase to $185.56 MXP ($9.70 dollars a day). A new tax decree issued by Mexican President Lopez Obrador in January 2019 established a new “free zone” along the U.S.-Mexico border and is subject to a different daily minimum wage.


Overview of the Daily Minimum Wage in Mexico 2019-2020

 Exchange rate: $19.25 USD

 January 2019
 Daily Salary

 January 2020
Daily Salary

 "Free Zone"
 Northern Border Region
 (see affected cities heres)

 $176.72 MXP
 $9.18 dollars
 $185.56
 $9.63 dollars
 Rest of Mexico  $102.68
 $5.33 dollars
 $123.22
 $6.40

Will the New Daily Minimum Wage Affect Manufacturers and Maquiladoras?

Most manufacturers won’t be affected. Manufacturers and maquiladoras along the northern Mexico border region already pay significantly more than the new daily minimum wage that goes in effect in January 2020. The average wage in Mexico for an assembler in a maquiladora is $2.60 dollars and hour, around $20 dollars a day. Learn more about the daily minimum wage while manufacturing in Mexico here.

Can I See How Much My Labor Costs Would be to Manufacturer in Mexico?

Yes! CPI offers a no-obligation, free labor cost analysis for manufacturing in Mexico. From assemblers and operators to engineers and managers, we have all the costs and can show you the reality of Mexico’s labor cost savings while maintaining U.S. quality standards. Get yours today!

How Does CPI Help You Determine Average or Minimum Wages?

When you work under CPI's Maquiladora Shelter Program, we handle it all. From setting an average wage structure that encourages employee retention, to complying with Mexican labor laws and every detail in between. Our Mexico Shelter IMMEX Program allows you to get up and running quickly under our existing permits and certifications, minimizing risk and exposure and is less expensive than incorporating on your own. Learn more about our IMMEX Maquiladora Program.

Sources: Los Angeles Times, Mexico News Daily, The National Law Review

 

Ready To Establish Your Manufacturing Operation In Mexico?

Look No Further Than Our Team Of Specialists!

Whether you have questions about the process or are ready to get started, we're here to help.
Contact us today at (855) 480-0837 to learn how we can provide you with expert support every step of the way, from exploration to setup and beyond. With our extensive experience providing Shelter Services in Mexico, we'll ensure the success of your manufacturing operation in Mexico.
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Co-Production International, Inc. Administrative Service Provider San Diego, California
Sales and Consultation Inquiries:
Toll Free: 855.480.0837

ico flag usaUSA Corporate Office
Ph: 619.429.4344
8716 Sherwood Terrace
San Diego, CA 92154
USA

ico flag usaMéxico Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net

ico flag usa Monterrey Nuevo León Office
Av. Benito Juárez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo León 64000, Mexico
info@co-production.net

Co-Production International, Inc. Administrative Service Provider San Diego, California

ico flag usaUSA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA

ico flag usaMéxico Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net

ico flag usaMonterrey Nuevo León Office
Av. Benito Juárez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo León 64000, Mexico
info@co-production.net

ico flag usaUSA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA

ico flag usaMéxico Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net

ico flag usaMéxico Monterrey Office
Av. Benito Juárez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo León 64000, Mexico
info@co-production.net