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What the new minimum wage means for local business

On Monday, Gov. Michelle Lujan Grisham signed into law the state’s first minimum wage increase since 2009, bumping up the pay from $7.50 an hour to $9 an hour. The state will also see a gradual increase to $10.50 in 2021, $11.50 in 2022 and $12 an hour in 2023.

Raising the state’s minimum wage was a key priority for Lujan Grisham as she was sworn into office in January, calling $7.50 an hour a “poverty wage.” Juan…

Source: The Business Journal

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