According to the International Labor Organization (ILO), Mexico, China and Russia will be the only countries with a real growth in wages in 2023.
The highest real wage growth during the year was recorded in Russia, at a level of approximately 8%, followed by China (5%) and Mexico (4%). At the other extreme, within the economies that make up the G-20, the ILO pointed out that the largest drops in salaries due to the impact of the rise in consumer prices were recorded in Brazil, Italy, Indonesia and Japan.
In Mexico, according to a study by the National Commission of Minimum Wages (CONASAMI), the increases in this referent have had an impact on an improvement in labor income, which has grown 21.3% due to the accumulated increases during the six-year period.
