Workweek cost estimates
The chamber presented estimates on the cost of cutting the workweek from 48 to 46 hours, and eventually to 40 hours by 2030. Moving to 46 hours in 2027 while keeping the same weekly salary would raise the hourly cost by 4.35 percent, it said. Reaching a 40-hour week by 2030 would require a cumulative adjustment of 20 percent.
Octavio de la Torre de Stéffano, president of Concanaco Servytur, said: “We want people to earn more, have time for their families and have social security. When wages rise, contributions on that pay can also rise; that is why we must discuss how to reduce the burdens that make it hard to hire and to remain in formality.”
Joint agenda proposed
The chamber is proposing a review of taxes, fees, duties and compliance costs through a joint agenda involving the Secretaría del Trabajo, the Secretaría de Hacienda and the IMSS. It argues that any debate over wage increases should also cover the cost of remaining in the formal economy, since higher wages can also raise social security contributions.
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