September 25, 2019 / 2:37 PM / 8 months ago

"Neo-liberal myth" - Mexican president says wage hikes don't fan prices

MEXICO CITY, Sept 25 (Reuters) - Mexico’s President Andres Manuel Lopez Obrador said on Wednesday that raising salaries does not fan prices, after inflation in the country hit a 3-year low despite his government hiking up the minimum wage.

“This puts to rest the neoliberal-era myth. Why didn’t wages increase? What was the excuse? That said they were inflationary,” Lopez Obrador said at his daily press conference.

Reporting by Anthony Esposito; Editing by Frank Jack Daniel

Nuestros Estándares:Los principios Thomson Reuters
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