NM House panel OKs minimum wage adjustments

House panel approves proposal to allow New Mexico minimum wage increases for inflation

SANTA FE, N.M. (AP) -- A House panel has approved a proposal for increasing New Mexico's minimum wage for inflation each year.

The measure cleared the Labor and Human Resources Committee on a party-line 5-4 vote on Tuesday. Republicans opposed the proposal and Democrats supported it.

The state's $7.50 an hour minimum wage has been in effect since 2009.

The proposed constitutional amendment by Rep. Miguel Garcia, D-Albuquerque, would allow voters to decide whether to require automatic cost-of-living increases in the wage rate.

Business groups opposed the measure, which heads to another House committee for consideration.

The proposal would be placed on the 2014 general election ballot if it's approved by the Democratic-controlled House and Senate. A proposed constitutional amendment doesn't require the signature of Republican Gov. Susana Martinez.

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    In the wake of the Washington state bridge collapse, would you support a tax hike for infrastructure projects?

    Loading...
    Poll Choice Options