New Mexico minimum wage rises to $11.50 an hour on January 1 | local news

The New Mexico minimum wage continues to approach the base wage in the city and county of Santa Fe, which at $12.32 an hour is now the highest local minimum wage in the state.

On Saturday, the national minimum wage will rise to $11.50 an hour, a $1 increase from the current $10.50.

At the start of 2021, the minimum in Santa Fe was $12.10 per hour, while the nationwide rate was $9 – a difference of $3.10. On January 1, the difference will be reduced to 82 cents. The region’s minimum wage is likely to rise slightly in March, when city and county wages are expected to rise. According to regulations in each government, wages were increased annually on March 1st based on the consumer price index for the western region. This year the increase was only 22 cents.

New Mexico will start 2022 with 16th highest minimum wage among states, it says paycor.coma human capital management software company.

In January 2021, the state minimum caught up with the rates set in Albuquerque and Las Cruces. Both cities previously had higher minimum wages than the state, but chose only to meet the statewide $10.50 that went into effect this year.

Saturday’s increase will be the third of four annual sizable minimum wage increases pushed by Gov. Michelle Lujan Grisham and approved by lawmakers in 2019. The legislation calls for another increase — to $12 on January 1, 2023.

The 2019 legislation took an aggressive approach to raise the state minimum wage from $7.50, in place since 2009, to $12 in four years. However, the legislation does not address the minimum wage beyond 2023.

Meanwhile, President Joe Biden is pushing for an increase in the federal minimum wage to $15. Earlier this year, the City of Santa Fe committed to a $15 minimum for city employees, and the state plans to pay all of its employees a minimum of $15.

The state minimum wage for tipped workers will rise from $2.55 to $2.80 an hour. The rate, which applies primarily to restaurant and bar workers, requires business owners to pay tipped employees a minimum of $2.80 per hour, with tips expected to be at least $11.50 for all workers.

The tipping minimum wage varies widely among major New Mexico cities. As of January 1, the minimum tip in Albuquerque is $6.90 per hour, while the rate is $4.60 in Las Cruces and $3.69 in Santa Fe City and County.

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