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$15/Hr Minimum Wage Coming to Minneapolis Image

$15/Hr Minimum Wage Coming to Minneapolis

Posted by: Brittany R. King-Asamoa

On June 30, 2017, the Minneapolis City Council passed an ordinance that substantially increased the minimum wage for all employees working at least two (2) hours per week in the Minneapolis city limits. Despite recent headlines, however, the mandatory wage for these employees will not spike to $15.00 per hour any time soon. Rather, the ordinance establishes the following gradual wage increases over the next five to seven years:

Large Business (>100 Employees or two stores in Minneapolis and 10+ stores in Minnesota)

Compliance Date Minimum Wage
January 1, 2018 $10.00
July 1, 2018 $11.25
July 1, 2019 $12.25
July 1, 2020 $13.25
July 1, 2021 $14.25
July 1, 2022 $15.00

 

Small Business

Compliance Date Minimum Wage
July 1, 2018 $10.25
July 1, 2019 $11.00
July 1, 2020 $11.75
July 1, 2021 $12.50
July 1, 2022 $13.50
July 1, 2023 $14.50
July 1, 2024 $15.00 + inflation figure

Beginning January 1, 2023, the minimum wage requirements for large businesses will be increased based on the inflation rate set forth in Minnesota Statute § 177.24, subdivision 1(f).

Small businesses will be required to pay the same minimum wage as large businesses, regardless employee size, beginning July 1, 2024.

See full ordinance

This information is general in nature and should not be construed as tax or legal advice.