A New Year brings more money for New Mexico workers.
The minimum wage is nearly a dollar more, effective January 1st. The New Mexico minimum wage is now $7.50. To put that into perspective, the Federal minimum wage is currently $6.55 and its going up to $7.25 in July.
David Villegas is the Taco Box's newest employee. He's only been working there a week and believe it or not, he's already received a raise. Talk about good timing on his part.
As of January 1st, David, along with every other minimum wage worker in New Mexico, will be making ninety-five cents more per hour. he says, "Considering everything being so high price anyways, a dollar you know helps as much as it can." That money has to come from somewhere though.
"Its a big hit in a short period of time." Taco Box owner Tom Martin estimates this wage increase will cost his restaurant $60,000 a year. And that means changes are on the way. "We have to raise prices, cut hours, not hire, look for different technology. We've actually found a way we can replace an employee, or rather two employees through mechanization."