Wages by sector of economic activity in Mexico, 1994-2019

Abstract

Wages are a fundamental component of worker working conditions and are an essential variable for competitiveness. The objective of the research was to analyze wages by economic activity sector and its effects on the Mexican economy, 1994-2019; for which three multiple linear regression models were developed, one for each economic sector. The statistical results indicated that for wages in the primary sector the most significant variable was the exchange rate, for the secondary sector the Gross Domestic Product (GDP) and for the tertiary the unemployment rate. The accumulated loss of purchasing power in the period studied was greater for the primary and tertiary sectors; in the case of the secondary sector, as of 2009, it began to present positive values.