Mn Minimum Wage 2025. The city will require businesses of all sizes to pay their employees a minimum wage of $15 an hour by 2027. First, on january 1, 2024, large businesses (more than 100 employees) and franchises start paying at least $15.57.
Historically, state minimum wage rate. 1 to $10.85 an hour for large employers and $8.85 an hour for other state minimum wages.
For Employers With 26 Or More Employees, The Minimum Wage Would Reach $18 Per Hour By January 1, 2025.
Starting in 2025, all employers, regardless of size, will pay one minimum wage.
First, On January 1, 2024, Larger Employers (More Than 100 Employees) And Franchises Start Paying At Least $15.57.
Next, on july 1, 2024, all other employers (100.
Workers Receive A Higher Minimum Wage In Minnesota That Exceeds The Federal Minimum Wage Of $7.25.
Images References :
Graph And Download Economic Data For State Minimum Wage Rate For Minnesota (Sttminwgmn) From 1968 To 2024 About Minimum Wage, Mn, Wages, Rate, And Usa.
Ols will announce the minimum wage for 2025 in the fall.
Next, On July 1, 2024, All Other Employers (100 Or Fewer Employees) Reach The Same Required Minimum.
1, 2021, the minnesota minimum wage is $10.08 for large employers (see figure for employer size definitions) and $8.21 for small employers.
The New Minimum Wage Law Is Effective January 1, 2025, But The Amended Method Of Calculating The Minimum Wage Increases Each Year Is Effective August 1,.