Minnesota’s minimum-wage rates adjusted for inflation, effective Jan. 1, 2023
(ABC 6 News) – Minnesota’s minimum-wage rates will be adjusted for inflation beginning on Jan. 1, 2023, the state announced.
The current large-employer minimum-wage, $10.33, will increase 26 cents to $10.59. Large employers must pay the new rate an hour when the employer’s annual gross revenues are $500,000 or more.
Small-employer minimum-wage, youth and training wages, as well as the summer work travel exchange visitor program wage, which are all currently $8.42, will increase 21 cents to $8.63, a 2.5% increase.
Small employers must pay the new rate an hour when employer’s annual gross revenues are less than $500,000.
The new training wage rate an hour may be paid to employees younger than 20 years of age for the first 90 consecutive days of employment.
The new youth wage rate an hour may be paid to employees younger than 18 years of age.
The state minimum-wage rates will not apply to work performed in the cities of Minneapolis and St. Paul, which have higher minimum-wage rates.
Minnesota law also requires employers to display five state-mandated posters in a location where employees can easily see them.
Also, 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.
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