Minimum Wage In Minnesota 2024. Download, graph, and track economic data. Increased from $10.25 or $11.25 (depending on health benefits) to $12 per hour.
1, 2024, to $10.85 an hour for large employers and $8.85 an hour for other state minimum wages. The 2024 minimum wage rate for small employers will increase 22 cents to $8.85 per hour.
What Is The Minimum Wage In Minnesota In 2024?
The current minneapolis minimum wage of $15 will not see any immediate effects from the wage increase, but will in the following years.
If Your Annual Gross Revenues Are $500,000 Or More, You Must Pay The New Minimum Wage Of $10.85 Per Hour.
According to the us labor law center, these are the previous and current minimum wage rates for the state of minnesota.
Minimum Wage In Minnesota 2024 Images References :
1, 2023, The Minnesota Minimum Wage Is $10.59 An Hour For Large Employers (See Figure For Employer Size Definitions) And $8.63 An Hour For Small Employers.
First, on january 1, 2024, larger employers (more than 100 employees) and franchises start paying at least $15.57.
As A Result, A Smaller Proportion Of Workers In That State Make Less Than $17 Per Hour Compared To The National Average Of 23%.
The city will require businesses of all sizes to pay their employees a minimum wage of $15 an hour by 2027.
