Overview
- New reports in early August 2026 show Mexico’s informal share remains about 54.8%–55%, a level that has not fallen since 2024 and makes the Plan Nacional de Desarrollo 2030 target of 48.9% unlikely without faster change.
- Peru’s government has set a political goal to raise the Remuneración Mínima Vital to S/1,300 and confirmed the increase will follow formal debate in the CNTPE rather than be imposed by decree.
- Economists at the Instituto Peruano de Economía estimate an RMV at S/1,300 would directly help under 2% of the workforce because roughly 70% of Peruvian jobs are informal.
- Labor lawyers and analysts warn the minimum‑wage push could raise the cost of formal hiring and squeeze micro and small firms that employ most workers, undercutting formalization unless paired with firm‑level support.
- Experts say the durable fix is coordinated policies to boost small‑firm productivity, expand youth technical training, simplify formalization rules and build care and social supports so formal jobs become viable and affordable.