Pay’s bottom line
|
|
|
||||
|
By David Miles The New Mexican |
Some supporters of the measure said employment has grown in
The House Labor and Human Resources Committee on Thursday endorsed the measure
(HB258) on a 5-2 vote after 3 1 /2 hours of debate. The bill, which is
sponsored by House Speaker Ben Luján , D-Nambé , advances to the House
Business and Industry Committee for consideration.
Wage-increase supporters pointed to a preliminary report by The University of
New Mexico’s Bureau of Business and Economic research that said employment has
increased since
Carol Oppenheimer, co-coordinator of the Santa Fe Living Wage Network, called
the city’s minimum-wage ordinance a model for the rest of the country and said
the UNM study proves naysayers wrong. “These doomand-gloom predictions are wrong,” she said.
But Pfeffer noted the report was preliminary and said
the final study is not expected to be released until May. He also said the
report was flawed because it included countywide employment statistics.
Pfeffer said there are reports of
Representatives of several business groups predicted the proposed minimum-wage
hike would result in job losses, employee-benefit cuts and businesses moving to
other states. “Small business cannot thrive with a mandated living wage, and
neither can
But business owners were not uniformly opposed to a minimum-wage increase.
Carolyn Sigstedt-Stephenson ,
co-owner of
Luján suggested the state does not need businesses
that would be unwilling to pay employees $7.50 an hour and said the proposed
minimum-wage hike would help lift New Mexicans out of poverty. “There are far
too many people who are struggling to make ends meet,” Luján
said.
Under Luján’s bill,
Two other Democratic leaders are seeking to increase the state’s minimum wage
to $7.50 an hour.
Senate President Pro Tem Ben Altamirano,
Senate Majority Leader Michael Sanchez, D-Belen , has introduced a bill (SB462)
to raise New Mexico’s minimum wage to $7.50 an hour next January , with no
inflation-adjustment provision.
His bill also would provide a tax credit for three years to businesses with 25
or fewer employees and annual revenues of less than $5 million to help offset
the additional cost of the proposed minimum wage.
Rep. Dan Foley, R-Roswell , on Thursday introduced a
bill (HB552) to keep the state’s minimum wage at $5.15 an hour and bar local
governments from setting higher pay floors than the federal rate. Contact David
Miles at 986-3036 or dmiles@sfnewmexican .com.