Luis Felipe Munguía Corella is president of the National Minimum Wage Commission of the Mexican government. He holds a PhD in Economics from the University of California.

August 5, 2025

Analysis

How Mexico Doubled the Minimum Wage

Monopsony, corporate power, and the labor market

The minimum wage in Mexico has more than doubled in real terms over the last six years. This is no small feat, especially if we take into account that the policy neither led to feared job losses nor price increases.…