ST PAUL, Minn. — Minnesota's minimum wage rates will be adjusted for inflation beginning Jan. 1, 2023.
At the beginning of the year, the minimum wage will increase to $10.59 an hour for large employers and $8.63 an hour for small employers, according to a press release from the Minnesota Department of Labor and Industry. A large employer is a company that has an annual gross revenue of at least $500,000, while a small employer has an annual gross revenue of less than $500,000.
The following will also apply once the adjustment goes into effect:
- The training wage rate, $8.63 an hour, may be paid to employees younger than 20 years of age for the first 90 consecutive days of employment
- The youth wage rate, $8.63 an hour, may be paid to employees younger than 18 years of age
The new state minimum wage rates will not apply to employers based in the Minneapolis-St. Paul area as the minimum wages are higher in those citiesh. On July 1, 2022, the city of Minneapolis increased the hourly wage to $13.50 for small employers with 100 or fewer employees and $15 for large employers. In St. Paul, the hourly wage for large employers was increased to $13.50 and $12 for small employers.
Employers in Minnesota are required to provide notice to their employees regarding any wage changes before they go into effect. In addition, updated state-mandated wage posters are also required to be displayed in workplaces statewide.
For more information on the new minimum wage rates, visit the MnDI website.
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