The bill amends the Minimum Wage Act in New Mexico to increase the minimum wage for certain employees and establish an annual adjustment based on inflation. Specifically, it sets a new minimum wage of $17.00 per hour starting January 1, 2026, with subsequent annual adjustments tied to the consumer price index. The bill introduces a definition for "consumer price index" and outlines the method for adjusting the minimum wage each year, ensuring that it cannot decrease even if the consumer price index falls.

Additionally, the bill repeals Section 50-4-23 of the Minimum Wage Act, which likely contained outdated provisions. The amendments also clarify the definitions of "employ," "employer," and "employee," expanding the scope of who is considered an employee under the law while removing certain exemptions that previously applied to specific groups, such as seasonal employees and those engaged in agriculture. Overall, the bill aims to enhance wage protections for workers in New Mexico by ensuring a higher minimum wage and regular adjustments to keep pace with inflation.

Statutes affected:
introduced version: 50-4-21, 50-4-22, 50-4-23