Albuquerque Minimum Wage Workers Get Pay Increase In New Year Thanks to Indexed Minimum Wage
Minimum wage workers in Albuquerque’s largest city will see a hike in their next paychecks thanks to a voter-approved measure increase that indexes the city’s minimum wage to the cost of living.
Tipped employees (valets, baggage handlers, wait staff and others) will see the largest increase with tipped minimum wage increasing to 60% of standard minimum wage. Other minimum wage workers began earning .10 more per hour.
But Albuquerque workers shouldn’t be the only ones seeing a small raise this New Year. Governor Martinez vetoed a popular statewide minimum wage increase last year. That increase would have meant just $40 more per week working parents could put towards groceries, school and health care for more than 95,000 New Mexican children who depend on a minimum wage worker.
The proposal is sure to be back in the 2014 legislative session as a constitutional amendment that works similarly to Albuquerque’s indexed system.
The 2014 minimum wage required to be paid from Jan. 1, 2014 through Dec. 31, 2014:
- Starting Jan. 1, 2014, the minimum wage will be $8.60.
- Starting Jan. 1, 2014, the minimum wage will be $7.60 if the employee’s employer provides healthcare and/or childcare benefits to the employee during any pay period and the employer pays an amount for these benefits equal to or in excess of an annualized cost of $2,500.00.
- Starting Jan. 1, 2014, the minimum wage for tipped employees will be $5.16.
Minimum Wage Rates 2013-14
|Consumer Price Index – Urban Wage Earners & Clerical Workers|
|Minimum Wage of||January 2013||Increase||Rounded||Wage as of January 2014|
|With Health Care||$7.50||$7.60|
(60% in 2014, 45% in 2013)