New Mexico minimum wage in 2021: US$10.5 (effective January 1, 2021)
New Minimum wage in 2020: US$9
New Minimum wage in 2000: US$4.25 ($6.55 after inflation adjustment)
New Minimum wage in 1980: US$2.65 ($8.88 after inflation adjustment)
In addition to any New Mexico-specific minimum wage exemptions described above, the Federal Fair Labor Standards act defines special minimum wage rates applicable to certain types of workers.
Advocates for New Mexico’s current discount minimum wage argue that it helps small businesses provide part-time work that might not otherwise be available to young people.
LAS CRUCES - The New Mexico Senate has voted to remove a provision in the state’s minimum wage law that allows high school students to be paid at a lower hourly rate than their co-workers.
Minors under 18, students working after school hours, domestic workers, government employees, farm workers, and certain seasonal employees are all exempt from the New Mexico minimum wage.
While seemingly politically popular, the downstream effects of a minimum wage increase would certainly create more challenges for New Mexico’s budget over the long term.
ALBUQUERQUE — New Mexico Department of Workforce Solutions (NMDWS) advises employers and workers that New Mexico’s minimum wage is increasing, effective Friday, Jan.
It is unsurprising that some New Mexico lawmakers are considering implementing a minimum wage hike as a feeble attempt to provide relief to their besieged constituents.
However, New Mexico allows local regulation of minimum wage and some jurisdictions have ordinances in place that implement higher minimum wages than the state-mandated floor.
All New Mexico employees working over 40 hours in a work week are entitled an overtime wage of at least 1.5 times their regular hourly pay rate - therefore, the overtime minimum wage in NM is.
They should also continue to monitor political developments in New Mexico as the three minimum wage proposals discussed above make their way through the political process.
Salary.com's CompAnalyst platform offers: