Report: State Minimum Wage Has Lost 16 Percent of its Purchasing Power
Almost a Quarter-Million New Mexican Workers Would Benefit from a Raise
ALBUQUERQUE, NM—The state minimum wage of $7.50 an hour now has the purchasing power of just $6.30, meaning it is no longer worth what it was when it was last increased in 2009. That is one of the conclusions from a new report released today by New Mexico Voices for Children. Among those workers who would benefit the most from an increase are, woman, mothers, and people over the age of 25.