US EditionPublished • loading... • Updated
Santa Fe Sets Minimum Wage Tied to Housing Costs Beginning in 2027
Santa Fe will raise its minimum wage to $17.50 in 2027, tying future increases to a mix of consumer prices and fair market rents to address high housing costs.
- Santa Fe is taking an unprecedented approach to addressing affordability by tying the city's minimum wage to rental costs, with the goal of enabling workers to afford living in the city.
- The new ordinance aims to preserve the diversity of Santa Fe's population by ensuring those who work in the city can afford to live there, according to Mayor Alan Webber.
- About 20% of Santa Fe's workforce, or roughly 9,000 workers, will see a wage increase when the ordinance takes effect, with the minimum wage reaching $17.50 by 2027.
Insights by Ground AI
30 Articles
30 Articles
Santa Fe tackles rental rates with first-in-US minimum wage approach
Santa Fe is the first city in the U.S. to directly link wages to housing affordability, aiming to counter high rents. The ordinance was signed into law earlier this month. It ties minimum wage increases not only to consumer prices…
·Georgia, United States
Read Full Article
Capital & MainReposted by 
scheerpost.com
scheerpost.comSanta Fe’s Plan for a Real Minimum Wage Offers Lessons for Costly California
New Mexico’s fourth largest city is integrating the average rent into calculations of its lowest pay rate. The post Santa Fe’s Plan for a Real Minimum Wage Offers Lessons for Costly California appeared first on .
Coverage Details
Total News Sources30
Leaning Left10Leaning Right2Center14Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 38%
C 54%
Factuality
To view factuality data please Upgrade to Premium
