Abstract

ESCOBAR TOLEDO, Saúl. Minimum Wages: Inequality and Development. Economía UNAM [online]. 2014, vol.11, n.33, pp.94-109. ISSN 1665-952X.

It analyzes the evolution of the minimum wages in Mexico during the last decades and shows its impact on growth and employment. It is noted that around 40% of the Mexican population is in such conditions of poverty for employment reasons, the author shows how the fall of the minimum wage has been parallel with the set of wages. This is reflected in the concentration of income and its distribution. Therefore argues that the minimum wage had been an indicator of how they moved the whole of the wage structure: its increase stimulates a growing economy, while its fall generates an economy in crisis. Maintain depressed the minimum wage has deepened the gaps in wages and inequality. He therefore suggested a change in the wage policy, because it might induce a new dynamic in which a growth of domestic demand increase productivity and levels of employment and income. Such a strategy would allow a greater well-being and a real reduction in poverty and inequality; and this could dampen positively in the standard of living of the workers.

Keywords : Wage; Inequality; Development.

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