Study: Wage hike will improve economy

ALBUQUERQUE (KRQE) — A recent study claims the minimum wage hike will provide $105 million in higher wages providing a huge boost to the economy.

New Mexico Voices of Children did a study that claims the economy will improve because New Mexicans will have more money to spend.

Although some business groups say a higher minimum wage could cause more job losses.  Still, social advocacy groups see the boost as a way to actually create jobs, they predict around 600.

The study also found an hourly wage of $9.25 is needed for a family of three to reach the Federal Poverty Line.

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New Mexico (change)

New Mexico is located in the southwestern region of the U.S. Inhabited by Native American populations for many centuries, New Mexico has also been part of Imperial Spain, part of Mexico, and a U.S. territory.
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Governor: Susana Martinez
Lieutenant Governor: John Sanchez
Attorney General: Gary King
Secretary of State: Dianna J. Durán

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