Effective January 1, 2023, Minnesotas minimum-wage rates will be adjusted for inflation to $10.59 an hour for large employers and $8.63 an hour for other state minimum wages. Here are some key facts about Minnesota's minimum wage laws:
- There are different minimum wage rates, including the large-employer wage and the small-employer wage. Large employers are companies with annual gross revenues of $500,000 or more, and small employers make less than $500,000.
- There is also a 90-day training wage for workers 18 and 19 years old and the youth wage for workers 17 years old or younger, both of which are the same as the small-employer wage.
- 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.
- St. Paul's minimum wage schedule for 2023 is $11.5 per hour.
- Minneapolis' minimum wage reached $15.19 on January 1, 2023, for franchises and large businesses, and smaller employers (100 or fewer employees) continue paying at least $13.50 until July 2023.
- Minnesota's minimum-wage rates will increase to $10.85 for large employers and $8.85 for other state minimum wages on January 1, 2024.
Therefore, the minimum wage in Minnesota as of January 1, 2023, is $10.59 an hour for large employers and $8.63 an hour for other state minimum wages.
