N.M. Stat. § 50-4-19 : — EMPLOYMENT LAWLABOR CONDITIONS; PAYMENT OF WAGES —4-19 - Declaration of state public policy TEXT PDF It is declared to be the policy of this act (1) to establish minimum wage and overtime compensation standards for all workers at levels consistent with their health, efficiency and general well-being, and (2) to safeguard existing minimum wage and overtime compensation standards which are adequate to maintain the health, efficiency and general well-being of workers against the unfair competition of wage and hours standards which do not provide adequate standards of living. NMS § 50-4-19 1953 Comp., § 59-3-20, enacted by Laws 1955, ch. 200, § 1.