The City of Santa Fe, New Mexico is raising its minimum wage to $10.66 effective March 1, 2014. The fifteen-cent increase represents a 1.4 percent pay increase for minimum wage workers.
The City established a Living Wage Ordinance in 2003 that ties minimum wage rate changes to the consumer price index (CPI). The term living wage refers to the minimum hourly wage necessary for a person to achieve a higher standard of living.
The new rate puts Santa Fe as the city with the third highest minimum wage in the nation after San Francisco, California ($10.74 per hour) and Seatac, Washington ($15.00 per hour). Efforts are underway to expand the City’s minimum wage rate to the rest of Santa Fe County.
Which Santa Fe Employers Must Pay the Minimum Wage?
All employers with business locations in Santa Fe or who have contracts with the City totaling $30,000 or more are required to pay employees (full time, part time, and temporary) an hourly wage of at least $10.66, with potential annual adjustments based on the CPI, for all hours worked within the city limits.
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