Bill > HB323

This bill, titled "Raise Minimum Wage," proposes to increase the minimum wage in New Mexico. Currently, the minimum wage is $7.50 per hour, but this bill would raise it to $10.10 per hour. Furthermore, the bill introduces an automatic annual adjustment to the minimum wage based on the consumer price index, a measure of inflation published by the U.S. Department of Labor, ensuring that the minimum wage keeps pace with the cost of living. The Workforce Solutions Department will be responsible for determining these annual adjustments and notifying employers. The bill also modifies the minimum wage for tipped employees, increasing it from $2.13 to $3.00 per hour, with similar provisions for annual adjustments based on inflation, while still ensuring that tips combined with the employer's cash wage meet the overall minimum wage. Finally, the bill clarifies overtime pay requirements, maintaining the standard of one and one-half times the regular hourly rate for hours worked over forty in a week, with a specific exception for certain investigative service employees.