How can Mexico regain investor confidence?
3:53
(CNN) --
The Mexican government announced Thursday that the country's minimum wage will increase by 20% starting in 2023.
As of January 1, the minimum daily wage will go from 172 Mexican pesos (US$9) to 207 Mexican pesos (US$10.82), announced the Minister of Labor, Luisa María Alcalde, during the government's daily press conference in Mexico City.
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The agreement was reached unanimously between the Government, the labor sector and the business sector, said Mayor.
Minimum salary
