By Karol Oviedo
This year, July 1, 2023, the minimum wage will increase to $9.50 for all employees covered under the Fair Labor Standards Act (Ley Federal de Normas Razonables del Trabajo).
And then increases to $10.50 effective by July 1, 2024 (unless the Minimum Wage Evaluation Commission issues a mandatory decree saying otherwise).
Exceptions:
The minimum wage requirements do not apply to:
- Agriculture employees
- Government agency employees: instrumentalities, municipalities, Judicial Branch and Legislative Branch
- “Administrators”, “Executives” and “Professionals”
Please contact Karol Oviedo or Paola Sanchez for more information or help with the upcoming minimum wage changes.