“The minimum wage is another way to help those who can only find jobs with entry-level
wages by incentivize and reward work. Like the EITC, it helps those who are trying to help
themselves. But setting the minimum wage is also a balancing act – setting it high enough so people
can get by on it without having a negative economic impact.
“Right now, I believe, we are slightly out of balance. The genius of the free market is not
always perfect. Two of our neighbors – Connecticut and Massachusetts – have raised their
minimum wage above the Federal standard to address higher costs of living.
“Our city just cannot afford to wait for Washington. Not when it comes to illegal guns, not
when it comes to climate change, not when it comes to creating jobs and not when it comes to raising the minimum wage.
since this speech, Santa Fe’s mayor Davis Coss has raised his city’s minimum wage to : $10.29, while San Fransisco’s Mayor Edwin M. Lee has raised his city’s minimum wage to : $10.24. New York City still stalled at : $7.25.