Study: Wage hike will improve economy

KRQE TV

Updated: Feb 15, 2013 12:57 PM

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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