Percentage change in the INPC, food basket and minimum wage in Mexico, January 2002-June 2020
DOI:
https://doi.org/10.29312/remexca.v12i5.2991Keywords:
economy, minimum wage, prices, vulnerabilityAbstract
In Mexico, the National Council for the Evaluation of Social Development Policy uses the term income poverty, for this purpose it uses the minimum welfare line, which refers to people whose income is insufficient to acquire the recommended basic basket, equivalent to the value of the food basket per person and that of the welfare line, similar to the previous denomination of patrimonial poverty, equivalent to the value of the food and non-food basket per person per month. Constitutionally, the minimum wage must cover the needs of a family in the material, social and cultural aspect and to provide education. The study period was from January 2002 to June 2020. The information was processed in the statistical program SAS®. The objective of this paper was to estimate the percentage change rate of the national consumer price index, prices of the rural and urban food basket and of general minimum wage to explain the differential between the latter and verify its effect when being above or below the percentage change of the national consumer price index and the VPPCA. In episodes of high inflation, mainly in the food aspect, periods 2004, 2007-2009, 2012-2013 and 2017, the SMG barely compensated part of the increase, with the panorama accentuating in 2017; however, significant increases that occurred since 2015 and in recent periods (2019 and 2020) in the nominal SMG by 16 and 20% have been important in reducing the gap between the real SMG.
Downloads
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2021 Revista Mexicana de Ciencias Agrícolas
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The authors who publish in Revista Mexicana de Ciencias Agrícolas accept the following conditions:
In accordance with copyright laws, Revista Mexicana de Ciencias Agrícolas recognizes and respects the authors’ moral right and ownership of property rights which will be transferred to the journal for dissemination in open access. Invariably, all the authors have to sign a letter of transfer of property rights and of originality of the article to Instituto Nacional de Investigaciones Forestales, Agrícolas y Pecuarias (INIFAP) [National Institute of Forestry, Agricultural and Livestock Research]. The author(s) must pay a fee for the reception of articles before proceeding to editorial review.
All the texts published by Revista Mexicana de Ciencias Agrícolas —with no exception— are distributed under a Creative Commons License Attribution-NonCommercial 4.0 International (CC BY-NC 4.0), which allows third parties to use the publication as long as the work’s authorship and its first publication in this journal are mentioned.
The author(s) can enter into independent and additional contractual agreements for the nonexclusive distribution of the version of the article published in Revista Mexicana de Ciencias Agrícolas (for example include it into an institutional repository or publish it in a book) as long as it is clearly and explicitly indicated that the work was published for the first time in Revista Mexicana de Ciencias Agrícolas.
For all the above, the authors shall send the Letter-transfer of Property Rights for the first publication duly filled in and signed by the author(s). This form must be sent as a PDF file to: revista_atm@yahoo.com.mx; cienciasagricola@inifap.gob.mx; remexca2017@gmail.
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 International license.
