Hate to say it, but this stat is more than 10 years old. The corporate leach who runs that company is making a lot more than that today. Plus, he no doubt gets far more than that in non-wage compensation.
The federal minimum wage is still only $7.25/hour, same as it was in 2008. Only difference is that today that $7.25/hr is even further from a living wage than it was then. And if you are a new worker, under the age of 20, they can pay you a "training" wage of only $4.25/hr.
"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. This was partly because the Mexican minimum wage was well below those of other Latin American countries. With the latest increase, however, Mexico’s minimum wage is now greater than those in half of the region. Each successive increase has helped more people—in the first year, the increase benefited 13.3 percent of the formal labor force and by 2025 it benefited 37.4 percent, representing around 8.4 million workers.
With the radical shift in Mexico’s wage policy, these recent increases in the minimum wage—while translating into an average income growth of 25 percent in real terms and a significant decrease in poverty and inequality—have only begun to chip away at corporate power. The share of wages has only grown slightly, and the negligible increase in unemployment and inflation underscores drastic asymmetries in the relationship between employers and workers. The Mexican labor market is extremely monopsonistic, in part because there are relatively few large companies, but also due to poor labor law enforcement and weak unions. Common labor practices in Mexico allow firms to exercise more power to determine wages well below what they would be in a perfectly competitive market, which has led to the prevalence of high profits at the expense of working conditions.
Analyzing the historical evolution of the minimum wage in Mexico is fundamental to understanding how the Mexican wage policy has become a successful and innovative model. Its implementation has reduced poverty for millions of people and generated unprecedented growth in family income, defying traditional forecasts that linked minimum wage increases with uncontrolled inflation and unemployment."
https://www.phenomenalworld.org/analysis/mexico-minimum-wage/
Today is Friday and holiday! So let's talk about minimum wage, and what "money" means in a general term. If this is something that grabs your attention, give a read:
https://www.europesays.com/2323417/ New calls to increase weekly State Pension payments to £586 for every person aged over 60 #benefits #business #CostOfLiving #DWP #MinimumWage #PersonalFinance #retirement #StatePension #UkGovernment
Which nations have the highest and lowest minimum wages across Europe? https://www.byteseu.com/1267058/ #Europe #MinimumWage #salaries #wages
UK moves to scrap ‘discriminatory’ age-based wage rates https://www.byteseu.com/1264137/ #GreatBritain #HumanResources #MinimumWage #PayIncrease #UnitedKingdom
L.A. eyes $30/hr minimum wage before 2028 Olympics
https://www.nytimes.com/2025/08/04/business/economy/olympics-los-angeles-2028-economy.html
: @UniteHere11 @CityofLA
#MinimumWage #LA2028 #LaborRights
Japan Panel Urges Record Minimum Pay Hike in Bright Sign for BOJ
A panel advising Japan’s government called for a record increase to the minimum wage for a second straight year, sending a positive signal to the Bank of Japan as it pursues…
#Japan #JP #JapanNews #BANKOFJAPAN/THE #Economicgrowth #economics #finance #government #inflation #JapanTopics #labor #markets #MinimumWage #news #policy #world
https://www.alojapan.com/1338840/japan-panel-urges-record-minimum-pay-hike-in-bright-sign-for-boj/
https://www.alojapan.com/1338840/japan-panel-urges-record-minimum-pay-hike-in-bright-sign-for-boj/ Japan Panel Urges Record Minimum Pay Hike in Bright Sign for BOJ #BANKOFJAPAN/THE #EconomicGrowth #economics #finance #government #inflation #Japan #JapanNews #JapanTopics #labor #markets #MinimumWage #news #policy #world A panel advising Japan’s government called for a record increase to the minimum wage for a second straight year, sending a positive signal to the Bank of Japan as it pursues demand-led economic growth. The advisory panel to
Trump's Latest Attack on Workers:
*Cut min wage & overtime protections for home healthcare workers
*Allow submin wage for workers with cognitive disabilities
*Remove protections for seasonal immigrant farm workers
*Exempt many workplaces from OSHA safety rules
https://therealnews.com/trump-labor-department-attacks-on-workers
The #Trump #Labor Dept is aiming to rewrite or repeal >60 “obsolete” #workplace #regulations, ranging from #MinimumWage requirements for home #healthcare #workers & people w/ #disabilities to standards governing exposure to harmful substances.
The wide-ranging changes…would also affect working conditions at #constructions sites & #mines, & limit govt ability to penalize #employers if #workers are #injured or #killed while engaging in inherently risky activities…
#law
https://apnews.com/article/labor-department-deregulation-worker-safety-wages-223309692fecb3721ef377154e7689ed?utm_source=onesignal&utm_medium=push&utm_campaign=2025-07-22-Labor+laws
“Minimum Wage Machine”
“The minimum wage machine allows anybody to work for minimum wage. For as long as they turn the crank, the user is paid in pennies as time passes. For example, if minimum wage is $7.25/hour (the current US Federal rate), then the worker is paid one penny every 4.97 seconds. If they stop turning the crank, they stop receiving money. The machine's mechanism and electronics are powered by the hand crank, and pennies are stored in a plexiglas box. The MWM is reprogrammed as minimum wage changes, or for wages in different locations.”
Missouri Gov. Kehoe signs bill repealing paid sick leave
Business groups lobbied heavily to overturn the measure passed by 58% of voters, arguing it would cost jobs. The bill also repeals annual inflation adjustments for the minimum wage, in effect since 2006.
https://missouriindependent.com/2025/07/10/missouri-gov-kehoe-signs-bill-repealing-paid-sick-leave/
Over one quarter billion on #strike over Indian government's pro-employer attempts to bust unions and worsen working conditions
Politics. No one country's.
Politics. No one country's.
There was the $15 #MinimumWage to be put in the #Reconciliation bill, but failed too!
Germany to raise the minimum wage to €14.60 by 2027.
A government-appointed commission announced that Germany would raise its minimum wage twice over the next two years.
The move would give Germans the second-highest minimum wage in the EU, after Luxembourg.
Via #LosAngelesCounty DCBA: "On July 1, the minimum wage for workers in the unincorporated areas of Los Angeles County will increase to $17.81 per hour.
If you work in unincorporated LA County and believe you are not being paid the correct minimum wage or if you want to report other possible worker protection issues, reach out to DCBA's Office of Labor Equity at 800-593-8222 or send an email to wagehelp @ dcba.lacounty.gov "
