July 30, 2012
FOR IMMEDIATE RELEASE
ALBUQUERQUE—If New Mexico lawmakers were to raise the state’s minimum wage to $7.75, the state would see an increase of some $12.8 million in its gross domestic product, and more than 100 jobs would be created.
That’s one of the conclusions in a new report from New Mexico Voices for Children, “How Raising and Indexing the Minimum Wage has Impacted State Economies.” The report also looks at how other states that have minimum wages higher than the federal minimum wage are faring.