Key: TOT = total economy; ELECOM = electrical machinery, post and communications sector (representing the ICT-producing industries); MexElec = Manufacturing, excluding electrical industry; OtherG = other industrial production (i.e., mining and quarrying; electricity, gas and water supply; construction; agriculture, hunting, forestry and fishing); DISTR=wholesale and retail trade; sale, maintenance and repair of motor vehicles; retail sales of fuel; FINBU=finance and business service sectors, except real estate (includes financial intermediation); PERS=personal services (including hotels and restaurants; other community, social and personal services, employees of private households); NONMAR=non-market services (public administration, education and health) and real estate activities.
The fact that economic policy advice is not always right is illustrated by the example of the minimum wage. Beforehand, academic estimates differed as to the amount above which the minimum wage would start to have negative effects on employment.