Living Wage projected to increase to $11.09, a raise of 1.64%, effective March 1, 2017
Santa Fe, NM – After projecting in January an increase to $11.08 based on an 11-month total increase of 1.58% in the CPI for the Western Region for Urban Wage Earners and Clerical Workers for 2016, Santa Fe officials have included the data for December of 2016 and made their final calculation on the increase.
Including a strong December, the CPI for the 12-month period of 2016 increased 1.64%, leading to an official increase for 2017 to $11.09 in the wage.
All employers within the City of Santa Fe are required to pay all workers the Living Wage.
LIVING WAGE KEY FACTS:
- Living Wage for 2017: $11.09
- Date Effective: March 1, 2017
- Who Earns the Living Wage: All workers in the City of Santa Fe
Originally, the Living Wage Ordinance included a provision to increase the wage to $10.50 in 2008. Instead, the community came together in 2007 for a compromise, and replaced the planned increase to $10.50 with an annual cost of living adjustment in order to help ensure that workers’ wages would keep pace with inflation.
Initially set at $8.50, the Living Wage increased to $10.29 in 2012, then $10.51, $10.66, $10.84 and $10.91 over the last several years.
Announcing the increase, Mayor Javier M. Gonzales said, “Every year, we get to take a moment to celebrate a testament to one of our basic values: the idea that no one who works full time in our community should ever live in poverty. As the cost of living rises, we should not let the workers we count on fall through the cracks, and the Living Wage helps ensure that is the case.”