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So business owners in one American city -- -- unhappy with their newest national distinction.
Minimum wage in Santa Fe, New Mexico is now at ten dollars and 29 cents which is great for getting minimum wage check in mantown at but it has the highest in the nation.
And to compare to the federal minimum wage number that seven dollars and 25 cents right now so what's the problem.
And -- us live with more on -- -- -- Good morning -- via this new wage went into effect on March 1 that business owners -- -- -- this new minimum.
Is that for business.
The port town of less than a 100000 people we are going to be paying the highest.
Minimum wage in the entire United States America.
The -- saying now requires private businesses to pay ten dollars and 29 cents an hour.
Well I think the emphasis is doomed to.
Better floor -- the low wage workers.
This south western artists Mecca has a cost of living 18% higher than the national average according to the city.
Mayor David -- says Santa -- couldn't wait for congress -- the state to increase the minimum wage so they started doing it themselves.
We've been leaders in economic development -- leaders who can art and culture and then we're we're just very proud of -- -- -- And we think it works -- we're very concerned about the effect on local business.
So not everyone is happy.
The wage increases are tied to the Consumer Price Index CPI rises so does the wage.
It goes up and up and up there that's a question that I'd like to -- to ask comment where where is the cap.
And when the CPI goes down the minimum wage stays the same opponents say Santa -- economy suffers in the long run.
It is already discourage people from coming in to establish a new business in this market.
But it's also put a lot of people out of business because they can't afford to do this.
Now just outside.
-- Santa Fe city limits businesses can pay the state mandated minimum wage market which is three dollars less.
Then what businesses inside the town's limits have to pay back to you.
Necessarily say thank you very much in Santa Fe, New Mexico looks very beautiful there and -- -- -- --
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