Mexico to Increase General Minimum Wage by 20% in 2024 By Leslie Palma & Karla Copka on December 18, 2023 Posted in Featured, Labor, Labor & Employment, Latin America Practice, Mexico City, minimum wage Effective Jan. 1, 2024, Mexico’s minimum wage will increase by 20%. The increase was published Dec. 1, 2023, in the Council of Representatives of the National Minimum Wages Commission: Continue reading the full GT Alert.