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The Albuquerque Living Wage Proposal



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University of M a ssac husetts Amherst The Albuquerque Living Wage Proposal Rough Estimates of How Workers and Businesses Will Be Affected By the Measure POLITICAL ECONOM Y RE S EARCH INSTITUTE POLITICAL ECONOM Y RESEARCH INSTITUTE Robert Pollin September 2005 G ordon Hall 418 N Plea sant St Suite A Amherst MA 01002 Telephone 413 545 6355 F a c simile 413 545 2921 E ma il pe ri eco ns uma ss ed u Website http www umass edu peri WORKINGPAPER SERIES Number 103 THE ALBUQUERQUE LIVING WAGE PROPOSAL ROUGH ESTIMATES OF HOW WORKERS AND BUSINESSES WILL BE AFFECTED BY THE MEASURE Dr Robert Pollin Professor of Economics and Co Director Political Economy Research Institute PERI University of Massachusetts Amherst Amherst MA 01002 pollin econs umass edu September 2005 I am very grateful for the close collaboration of my colleague Dr Jeannette Wicks Lim on this study 1 In October 2005 citizens of Albuquerque New Mexico will have the opportunity to vote on a proposal to raise the citywide minimum wage to 7 50 per hour for businesses that employ 10 or more workers This would represent a 46 percent increase over the current federal minimum wage of 5 15 per hour the minimum wage mandate that prevails in Albuquerque at present The 5 15 federal minimum has been in place since 1997 In addition for tipped workers the minimum wage would rise from its current federal level of 2 13 to 4 50 The aim of this study is to provide a rough assessment of what the overall impact is likely to be were Albuquerque to proceed with this measure This is not a full scale in depth study of the likely costs and benefits of this measure Rather this work draws on the extensive existing research on similar measures that have been proposed and passed into law throughout the United States over the past decade This research includes several studies conducted by myself most of these in conjunction with colleagues Mark Brenner Stephanie Luce and Jeannette Wicks Lim Among these works is a 2004 study I wrote as a



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