Posted at: 01/25/2013 9:12 AM
By: The Associated Press
SANTA FE, N.M. (AP) - Business leaders in Santa Fe are calling on the northern New Mexico city to freeze its minimum wage, now set to rise by 2 percent on March 1 under a cost-of-living adjustment.
The Santa Fe Chamber of Commerce says higher costs imposed on businesses mean they'd have to raise prices.
The chamber says that would raise the cost of living and increase unemployment while making it unlikely young people could find entry-level jobs.
According to the Santa Fe New Mexican, the city's minimum hourly wage will rise March 1 to $10.51 from $10.29. Mayor David Coss says he opposes capping the minimum wage.
Coss says city residents have expressed support for it and that Santa Fe's economy is in better shape than those of other New Mexico cities.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)