Minnesota’s minimum wage goes up Aug. 1, after a legislative change that sets in motion a series of increases in coming years.
Starting Friday, employees at large companies must be paid $8 an hour under the new law; that’s up from the current state minimum of $6.15, although the federal minimum wage has been $7.25 since 2009.
For small employers, (under $500,000 in sales) must now pay $6.50 an hour, up from $5.25.
Going forward, the minimums will be:
- $9 an hour on Aug. 1, 2015
- $9.50 on Aug. 1, 2016
- $7.25 on Aug. 1, 2015
- $7.75 on Aug. 1, 2016
In January 2018, the rates will be indexed to inflation based on economic conditions.
Gov. Mark Dayton, who signed the legislation, said: “Raising the minimum wage will improve the lives of more than 325,000 hard-working Minnesotans. I thank the Legislature for recognizing the need to make work pay in Minnesota.”