• .He said that more, better paid jobs and low inflation are the combination required to improve workers’ economic welfare.
  • Workers, employers and government reaffirm our commitment to promoting productivity as a source of economic growth, he declared.
  • This administration has seen the creation of more than 2.5 million formal jobs, the highest figure in the modern history of Mexico, he said.
  • He gave a joint press conference with Secretary of Labor and Social Welfare,
  •  Alfonso Navarrete Prida.

At a joint press conference with Secretary of Labor and Social Welfare, Alfonso Navarrete Prida, General Coordinator of Social Communication and Government Spokesman Eduardo Sánchez Hernández declared that the agreement between workers, employers and the government has permitted a 15 percent recovery of the real purchasing power of the minimum wage for the first time in four decades.

He said that, “This measure in favor of workers shows that union is the route to having a larger, more prosperous and fairer Mexico” adding that, “Through these joint efforts, we are building a fairer Mexico, with firm foundations”.

He said that as President Enrique Peña Nieto has pointed out: “At times of global uncertainty, like the present, we must be united, overcome our differences and focus on our common goals”.

The government spokesman declared, “More, better paid jobs and low inflation, are the combination required to improve workers’ economic welfare”.

At the press conference, which was also attended by President of the Business Coordinating Council Juan Pablo Castañón, and Secretary General of the Mexican Workers’ Confederation Carlos Aceves del Olmo, he said that "with the record recovery of the income of those who earn least, workers, employers and government reaffirm our commitment to promoting productivity as a source of economic growth”.

He stressed that the unprecedented increase in the minimum wage, approved on December 1 within the National Commission on Minimum Wages, has been higher in four years than in the previous 40 years, adding that, “As of next year, the minimum wage will be 80.04 pesos. 9.5 percent above the rate in 2016”.

He said that, “This administration has seen the creation of more than 2.5 million formal jobs, the highest figure in the modern history of Mexico”. He said that according to INEGI, the unemployment rate stands at 3.8 percent, “Also one of the lowest in history. Moreover, inflation has remained within the target set by the Bank of Mexico”.

Addressing the presidents of various business chambers and leaders of labor unions, Eduardo Sánchez declared that the minimum wage increase was based on a serious, responsible analysis will have no inflationary impact or affect employment levels. “In the remaining stretch, we will continue moving towards a more inclusive, equitable and prosperous Mexico,” he concluded.