# What Is The Minimum Wage In New Mexico 2020? (Solution)

Minimum Wage Rates for 2020

Minimum Wage of January 2019 Wage as of January 2020
\$8.95 \$9.35
With Health Care \$8.20 \$8.35
Tipped Employee (60% of minimum in 2020) \$5.50 \$5.60

What is the state’s minimum wage in the state of New Mexico?

• Effective January 1, 2021: \$10.50 per hour
• \$2.55 per hour for tipped employees
• Effective January 1, 2022: \$11.50 per hour
• \$2.80 per hour for tipped employees
• Effective January 1, 2023: \$13.00 per hour
• \$3.00 per hour for tipped employees
• Effective January 1, 2024: \$15.00 per hour

## What is New Mexico’s minimum wage 2021?

The statewide minimum wage will raise to \$11.50 per hour on Saturday, representing a \$1 increase over the current rate of \$10.50. At the beginning of 2021, the minimum wage in Santa Fe was \$12.10 per hour, while the statewide minimum wage was \$9 – a \$3.10 discrepancy. As of the first of January, the disparity will be reduced to 82 cents.

## What is the minimum wage in Albuquerque New Mexico 2021?

The New Mexico Department of Workforce Solutions is notifying companies and employees that the minimum wage will increase from \$10.50 per hour to \$11.50 per hour on Saturday, January 1, 2022, with effect from Saturday, January 1, 2022.

## Is minimum wage going up in 2021 AZ?

At 12:09 a.m. on December 30, 2021, Following the passage of a legislation by the state’s voters in 2016, the state’s minimum wage will rise from \$12.15 an hour to \$12.80 an hour on Jan. 1. The law steadily raises the lowest rate that firms are permitted to pay their employees.

## What states are going to \$15 minimum wage in 2020?

Where have all the \$15 minimum salaries gone? With the exception of California and New York, nine states — Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, New Jersey, Rhode Island, and Virginia – are on track to achieve a \$15 per hour wage base during the next four years.

## What is New Mexico’s minimum wage 2022?

Since January 1, 2022, the state minimum wage has increased to \$11.50 per hour (from \$10.50 per hour before to that date). This increases the cost of doing business in New Mexico for the vast majority of firms.

## What is the minimum wage in Rio Rancho New Mexico?

New Mexico’s state minimum wage is \$11.50 per hour, which is higher than the national average. Compared to the federal minimum wage of \$7.25, this is a higher rate of pay. You are eligible to receive the greater state minimum wage, which is now \$7.25 per hour.

## What states have a \$15 an hour minimum wage?

Is there a state where the minimum wage is \$15?

• Minimum Wage Management Simplified.
• Early 2022 State Minimum Wage Rates.
• California. Minimum Wage Management Simplified. California, which has long been a leader in labor legislation in the United States, has been the first state to achieve the \$15 barrier. Other states to do so include Connecticut, Delaware, Florida, Illinois, and Maryland.

## What country has the highest minimum wage?

Luxembourg. Luxembourg is a tiny, landlocked nation in Western Europe that shares borders with Belgium, Germany, and France. Despite having a population of less than one million people, it boasts the highest minimum wage in the world. In 2020, that number was \$13.79, but it has now risen to \$13.79.