Real wages describe changes in the material standard of living of wage earners. This article reviews the national experience of Mexico through the twentieth century, surveying more than thirty studies from the late Porfiriato to the opening of the twenty-first century. The data suggest that real wages follow a long-term cyclical pattern of alternate periods of declining and rising wages. As a consequence, twentieth-century Mexico was not kind to workers because the gains of one period seem to be offset by falls in the next. Wage trends in Mexico and the rest of Latin America seemed to follow similar paths, except during the years following Mexico's revolution, when a new labor regime especially benefited the country's wage earners. Following a significant downturn in the 1940s, workers in Mexico and Latin America experienced a favorable period of income growth during the postwar boom. The debt crisis of the 1980s induced a long decline that continued through the early years of globalization.