Keep Albuquerque Working was organized to promote the interests of small and growing businesses in Albuquerque and ensure the business environment remains fertile to allow these businesses to thrive and compete in a world market. Our member organizations are comprised primarily of small, locally owned businesses.
We strongly oppose a local minimum wage ordinance because of the widely recognized and serious unintended consequences of such a law, among other things, will place locally owned and small companies at a disadvantage to their competitors out of the city and state. Job loss, business reduction, price increases and business closures will result from such a law.
Local minimum wage laws of this type are rare primarily because the risk of serious unintended consequences increase as the affected jurisdiction shrinks. This ordinance is particularly distressing because it is tied to an annual CPI increase.