New Mexico dying from 109,000 job cuts

Sunday, August 16, 2015
By Paul Martin

By Jason Espinoza

ALBUQUERQUE >> In the post-recession era, competition has grown fierce, and New Mexico simply hasn’t kept up. Only five states have unemployment rates worse than ours. More than 59,000 New Mexicans are unemployed. Another 50,000 or more have given up looking for work or settled for part-time employment. That’s over 109,000 people who lack adequate work in New Mexico — more than the entire population of Las Cruces.

Every one of those people represents a decision that an employer didn’t want to make. Every business wants to grow — nobody wins when cuts are made. But our stagnant economy is being held down by law after law — not laws to help business grow and create jobs, like we are promised every election cycle, but laws that do just the opposite, making it even tougher for employers to survive. One more tax, one more rule, one more expense, and businesses can no longer afford one more job.

So the cuts continue.

During the 2015 legislative session ACI blocked over $152 million in proposed tax increases on New Mexico businesses. That success is encouraging, but it should raise deep concern that $152 million in new burdens were introduced in the first place! That’s not the mindset of a state that wants to create new opportunities or grow its economy.

In Albuquerque, advocacy groups are campaigning for a sprawling, 24-page proposal, mislabeled the “Fair Workweek Act,” mandating new fines, costs, scheduling requirements, and liabilities for employers. We’ll soon see similar proposals in Las Cruces, if not statewide. What’s worst of all is that these misguided regulations are sold to the public as a way to help struggling New Mexicans. But what about the struggling New Mexicans who lose their jobs when their salary instead has to go to pay new taxes and regulatory costs? If we keep making it more expensive to employ people, we’ll keep seeing fewer people employed.

The Rest…HERE

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