Spanish Abstract: El salario mínimo es bajo. La causa es cierta visión monetaria que liga causalmente un incremento de salarios con inflación, motivando que el salario mínimo aumente igual o menos que los precios en general. Mayor salario mínimo afectará el empleo de mujeres y jóvenes de...

The variation of real wages in the Mexican labor market has been very large over the last three decades, either measured in dollar terms or adjusted by national price indexes. The overall economic activity has also been subject to three episodes of Depression-sized business cycles. This paper...