Under Minnesota law, the commissioner of the Department of
Labor and Industry is required to determine and announce the inflation-adjusted
minimum-wage rate each year by August 31. This year, the change in the price
deflator is an increase of 1.56 percent.
The new state law rates as of January 1, 2018 will be as
follows:
- The large employer rate will move from $9.50 an hour to $9.65 an hour. Large employers are those with annual gross revenues of $500,000 or more.
- The small employer rate will move from $7.75 an hour to $7.87 an hour. Small employers are those with annual gross revenues of less than $500,000.
- The training wage rate will move from $7.75 an hour to $7.87 an hour. The training wage rate may be paid to employees younger than 20 years of age for the first 90 consecutive days of employment.
- The youth wage rate will move from $7.75 an hour to $7.87 an hour. The youth wage rate may be paid to employees younger than 18 years of age.

Date
|
Large Business
(100
or more employees)
|
Small Business
(Less than 100 employees)
|
Jan. 1, 2018
|
$10.00
|
No increase
|
July 1, 2018
|
$11.25
|
$10.25
|
July 1, 2019
|
$12.25
|
$11.00
|
July 1, 2020
|
$13.25
|
$11.75
|
July 1, 2021
|
$14.25
|
$12.50
|
July 1, 2022
|
$15.00
|
$13.50
|
2023
|
Jan. 1: $15.00 indexed to inflation
|
July 1: $14.50
|
July 1, 2024
|
$15.00 indexed to inflation
|
$15.00 indexed to inflation
|
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