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Upcoming New Mexico minimum wage increases: [273] Jan. 1, 2023: $12.00 regular $3.00 tipped; Albuquerque: $12.00 effective January 1, 2023. The minimum wage for tipped employees is $7.20 [274] Las Cruces: $12.36 and the tipped minimum wage is $4.95 effective January 1, 2024. [275]
New Mexico: $12. New Mexico’s minimum wage made a leap forward in 2023, to $12 from $11.50. ... More minimum wage increases are slated for coming years: $14 in 2024, and $15 in 2025. Smaller ...
Florida: The minimum wage will increase from its current $11 to $12 on Sept. 30, 2023. Missouri: The minimum wage will increase from its current $11.15 to $12 on Jan. 1, 2023. New Mexico: The ...
Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
Neighboring states New Mexico, Colorado, Missouri and Arkansas pay more than the federal minimum. ... will be impacted by the minimum wage increase. Gabriela Ramirez-Perez, a policy analyst for ...
History of the US federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted. [1][2] The Raise the Wage Act is a proposed United States law that would increase the federal minimum wage to US$15. [3][4] It has been introduced in each United States Congress since 2017.
For anyone working a minimum wage job in this new year, ... State minimum wage increases in 2024* Alaska: $11.73, up from $10.85. Arizona: $14.35, up from $13.85. California: $16, up from $15.50.
On March 29, 2013, Martinez vetoed a raise in the state minimum wage, citing that the raise was higher than neighboring states. [48] As of May 2014, job losses in New Mexico had accelerated during the previous 12 months, making it one of two states in the nation to lose jobs.