New year, new MN minimum-wage rates as of Jan. 1

Image courtesy MN Dept. of Labor and Industry

According to the Minnesota Department of Labor and Industry, the state’s minimum-wage rates will be adjusted for inflation Jan. 1, 2024, to $10.85 an hour for large employers and $8.85 an hour for other state minimum wages.

As of Jan. 1, 2024:

Large employers — with annual gross revenues of at least $500,000 — must pay at least $10.85 an hour.
Small employers — with annual gross revenues less than $500,000 — must pay at least $8.85 an hour.
The training wage rate, $8.85 an hour, may be paid to employees younger than 20 years of age for the first 90 consecutive days of employment.
The youth wage rate, $8.85 an hour, may be paid to employees younger than 18 years of age.

The state minimum-wage rates will not apply to work performed in the cities of Minneapolis and St. Paul, which have higher minimum-wage rates.