Bill to Raise Minimum Wage and Improve New Mexicans’ Quality of Life Advances Second Committee, Heads to House Floor for Consideration
Santa Fe – Today, a bill to increase the minimum wage passed the House Commerce & Economic Development Committee. House Bill 31, sponsored by Rep. Miguel Garcia (D-Albuquerque) and Rep. Joanne Ferrary (D-Las Cruces), would increase the minimum wage in phases, remove the minimum wage exception for tipped workers, and provide an annual cost-of-living increase indexed to inflation beginning in 2022.
Raising the minimum wage to $12.00 would add a total of approximately $205 million a year to the paychecks of New Mexican workers who are earning at or near the minimum wage. Nearly 20 percent of the total workforce, or 150,000 New Mexico workers, would receive an annual increase of approximately $1,114.
“For too long, working families have been shortchanged by a stagnant minimum wage. This legislation is a step toward progress and ensuring New Mexicans can earn a livable and dignified wage,” said Rep. Miguel Garcia. “New Mexicans deserve this much needed raise.”
“Too many families across the state have to work multiple jobs just to make ends meet, and it’s pushing young, talented people to leave the state. This minimum wage increase will help boost the economy and make sure that families have the tools they need to thrive,” said Rep. Joanne Ferrary.
House Democrats believe that ten years is too long for hard-working New Mexicans to go without a raise. New Mexicans who work hard and play by the rules should not have to worry about where their next meal comes from or how they will pay the rent. House Bill 31 now moves to the House Floor for consideration.