
jennifer rose
Sep 18, 2003, 8:41 PM
Post #3 of 4
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Re: [selcraig] oaxaca salary figures
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At http://www.mexicanlaws.com/Minwages2003.htm is shown an explanation of the minimum wage, categories and zones. The minimum wage is a daily -- not an hourly -- rate. Wages must be paid in cash. There are other means of employee benefits above and beyond the minimum wage, known as "Previsión Social," which can pass to the employee without the full tax impact of wages -- bonuses, food coupons, extra time off, medical benefits, savings plans, etc. The minimum wage is an elusive figure, because the statutory benefits -- paid health care, a Christmas bonus of 2 weeks' pay, 125% of regular pay for vacation periods, and retirement -- add a whole lot more. And then union contracts enhance those figures even more. And then, particularly in the case of public school teachers, many work two shifts (which work out to be practically a regular US workday), which means double salary and double benefits. The minimum wage is more of a benchmark from which everything else is derived. Even fines for criminal acts are x-times the minimum wage. See http://www.mexico-business.net/...LaborLegislation.pdf for an overview.
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