Minnesota’s hourly minimum wage will rise to $10.85 from $10.59 for large employers and to $8.85 from $8.63 for small employers effective Jan. 1, 2024, the state labor and industry department announced on Aug. 23.
The announcement confirms Bloomberg Tax’s Aug. 8 projections.
The state’s training wage and youth wage rates will also rise to $8.85. The training wage may be paid to employees younger than 20 for their first 90 days of employment, and the youth wage may be paid to employees under age 18.
An updated version of Minnesota’s minimum wage poster will be available in the fall, ...
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