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Hike in Mexico's minimum wage 'is moral imperative'

Wednesday, October 17, 2018

The naming of Jonathan Heath as deputy governor of the Bank of Mexico, is the third heavyweight appointment of Andrés Manuel López Obrador's transitional economic team.

Heath, an independent analyst aims to bring a breath of fresh air when he takes office on January 1. He aims to mark a difference in the traditional conservatism of the bank on the issue of Mexico's very low minimum wage. An increase is a "moral imperative" he says in an interview with Spain's El País.

He adds that economic growth of 4 percent should be achieved "as long as there is no US recession."