Minnesota announces upcoming minimum wage increase in response to rise in inflation
Due to the rise in inflation over the past few years, Minnesota is raising minimum wage rates starting on January 1st, 2024.
“Increasing minimum-wage rates gives the lowest-wage workers in Minnesota more earning power as they work hard to support themselves and their families,” said Minnesota Department of Labor and Industry Commissioner Nicole Blissenbach.
The current large-employer minimum wage, $10.59, will increase by twenty-six cents to $10.85. Other state minimum wages, including the small-employer, youth and training wages, as well as the summer work travel exchange visitor program wage, which are all currently $8.63, will increase by twenty-two cents to $8.85. These increases are both 2.5%.
The definition of large employers is any company with annual gross revenues of at least $500,000.
The training wage rate, $8.85 an hour may be paid to employees under the age of 20 for the first 90 days of their employment. The youth wage rate, $8.85 an hour, may be paid to employees under the age of 18.
These state minimum-wage rates will not apply to work performed in the cities of Minneapolis and St. Paul, which have higher minimum-wage rates.
As part of Minnesota’s employee notice requirement, employers are required to provide each employee with a written notice of any change before the change takes effect, including a change to the employee’s rate of pay. Learn more about the employee wage notice requirement.