Minnesota Minimum Wage 2024. Minnesota minimum wage laws set different minimum wages for large employers and small employers, as discussed below. Dollars per hour, not seasonally adjusted.
Minnesota’s hourly minimum wages are expected to rise to $10.85 for large employers and $8.85 for small employers effective jan. The announcement confirms bloomberg tax’s aug.
1, 2024, To $10.85 An Hour For Large Employers And $8.85 An Hour For Other State Minimum Wages.
This is up 26 cents from the current rate of $10.59.
Minimum Wage Rate By State.
You are entitled to be paid the higher state minimum wage.
Minnesota’s Current Minimum Wage For Large Employers Is $10.85.
1, 2024, the state labor and industry department announced on aug.
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This Is Up 26 Cents From The Current Rate Of $10.59.
The minnesota minimum wages for small employers (annual revenue of less than $500,000) and large employers (annual revenue of $500,000 or more) are adjusted for inflation annually using the implicit price deflator for personal consumption expenditures produced by the u.s.
1, Minnesota's Minimum Wage Rates Will Increas E To $10.85 For Large Employers And $8.85 For Other State Minimum Wages.
Minimum wage rate by state.
This Means That All State Of Minnesota Employees Must Now Be Paid A Minimum Of $10.85 Per Hour Effective January 1, 2024.
The state says for workers earning the minnesota minimum hourly wage and working 40 hours a week, annual wages in 2023 are $22,027 at large companies and $17,950 at small companies.