Carlos Slim proposes increasing the minimum wage for workers by up to 20% with this condition

It was on December 1, 2023 when the Mexican federal government, through the National Minimum Wage Commission (Conasami), announced that the minimum salary this 2024 It would be 248.93 pesos per day, which represents an increase of 20% compared to 2023.

Now, the Mexican magnate Carlos Slim, owner of Telmex and Telcel, has announced a proposal so that workers in the Mexican formal sector can have increases of 20% in their salary.

In a press conference, Slim maintained that the purchasing power and well-being of the population in general is achieved by earning more money and not by working less, as proposed by the initiative to reform the Federal Labor Law (LFT) for the reduction of the working day from 48 hours to 40 hours.

“In terms of the minimum wage there was a discussion of lowering it to 40 hours, what I think is that the purchasing power and well-being of the population is not achieved by working less, it is achieved by earning more,” commented the richest man in Mexico in these moments.

In this context, the Mexican businessman explained that, instead of reducing the work week to 40 hours in Mexico, What should be done is to increase the salary of workers who work 48 hours a week by 20%, while paying those who work only 40 hours a minimum wage, emphasizing that the reform to reduce the working day would not benefit many employees, taking into account taking into consideration the large number of collaborators who currently rest two days a week.

“We should legally say, all the State workers who do not work on Saturdays, all the private workers, the financial sector and the sector such and such who do not work on Saturdays, 40 hours, leave this minimum wage, and to whom “work 48 hours, instead of working 40 and looking for overtime, raise your salary by 20% and continue working 48 hours,” he explained, highlighting that this way you would have the option of choosing between resting more and earning less, or working more and earning more. .

Meanwhile, Carlos Slim clarified that the 20% added to the salary corresponds to the fact that this percentage would be the equivalent of 8 more hours of work in the working day if we were talking about a week made up of 40 hours.

“It's 48 hours minus 40, how much does it make? 8, and 8 is 20% of 40, that's why I'm talking about 20% more, earning the same per hour,” remarked the magnate owner of Telmex.

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