SANTA FE, N.M. — Santa Fe’s “living wage” will go up to $11.40 on March 1.
The new required minimum wage rate represents a 2.82 percent increase over the $11.09 rate set last March.
Under Santa Fe’s living wage ordinance, the required pay rate goes up annually based on increases in the federal government’s Western regional consumer price index for “urban wage earners and clerical workers.”
The percentage increase this time around is the highest since 2011, according to a city news release. Santa Fe’s minimum wage applies to all workers in the city.
The local minimum wage law, particularly its mandated annual increases based on the CPI, has some opposition in the Santa Fe business community.