Prevailing Wage: Building a Better Future for All of New Mexico
Enacted in 1937, New Mexico’s Public Works Minimum Wage Act (prevailing wage) establishes the minimum wage and workmanship standards on construction projects funded with state or local tax dollars—like roads, bridges and schools.
Prevailing wage means more projects are built by well-trained local workers who know how to get the job done right the first time. That’s good for taxpayers and our economy.
Here are the Facts:
- New Mexico’s prevailing Wage law creates 2,340 local jobs.
- New Mexico’s prevailing wage law boosts the economy by $288 million, every year.
Unfortunately, some politicians want to repeal our prevailing wage law. Research consistently shows repeal doesn’t save money. Instead, it eliminates middle class jobs, shrinks the economy, and hurts the local construction industry.
In New Mexico, repeal of prevailing wage would:
- Take $160 million away from local businesses—and ship it to other states;
- Push thousands of families into poverty and onto welfare;
- Reduce workforce productivity and increase the per-project cost of construction materials; and
- Increase the risk of construction safety problems and skilled workforce shortages.
Learn More About Prevailing Wage
Click Here to Download a Fact Sheet about New Mexico’s Prevailing Wage Law.
Click Here to Download the Full Report on the Impact of Repealing New Mexico’s Prevailing Wage Law.