Tuesday, March 27, 2007

Richardson Signs Minimum Wage Bill

New Mexico Governor Richardson signed a bill to increase the minimum wage to $7.50 per hour in the next three years.

The new law will increases the current $5.15 an hour to $6.50 in January 2008 and $7.50 in January 2009.

The increase will not affect higher minimum wage areas, such as Santa Fe and the Albuquerque area.

The increase does not apply to all workers. The bill has exceptions for the agricultural and dairy industries.

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