Overview
- In mid-July the Frente de Sindicatos Unidos (FreSU) published a June-based estimate that a worker needs $3,000,352 to meet the nine legally defined basic needs.
- That figure is more than eight times the official July Salario Mínimo Vital y Móvil of $372,400 and the hourly rate of $1,862 for full-time work.
- FreSU broke the $3 million total into components including food ($640,428), housing ($596,339), transport and leisure ($650,867) and health ($365,553) to show how costs add up.
- The unions and university-linked researchers report an acceleration in real-wage losses under the current administration, citing over 67 billones of pesos in cumulative worker income losses and a 46 billones rise in household debt.
- FreSU said it will press for a higher statutory minimum and expanded labor action, while worker-focused data showing 1.7% worker inflation in June and faster rises in health costs underline pressure on poorer households.