State minimum wage to increase in 2022. Some say it won't change much.

The state minimum wage will increase at the start of the new year, a result of amendments to the Minimum Wage Act signed by Gov. Michelle Lujan Grisham in 2019.

Starting on Jan. 1, 2022, the minimum wage will increase to $11.50 per hour for employees. Tipped employees will see their hourly pay upped to $2.80 an hour.

The new minimum wage is a dollar more than the current figure. Tipped employees will make 25 cents more than they did in 2021. But those increases might not mean much, said Beth Barela,…

Source: The Business Journal