Minnesota Adjusts Minimum Wage Rates for Inflation in 2024

Minnesota's minimum-wage rates will be adjusted for inflation starting January 1, 2024. Large employers will be required to pay a minimum of $10.85 an hour, while small employers will have a minimum wage of $8.85 an hour. These increases of 2.5% aim to provide low-wage workers with more earning power. The new rates do not apply to Minneapolis and St. Paul, which have higher minimum-wage rates. Employers must provide written notice of any changes to employees' pay rates.