Minnesota to increase minimum wage in 2024

On Behalf of | Sep 2, 2023 | Employment Law

As inflation continues to rise, workers in Minnesota may find themselves struggling to pay their bills. Those who work for minimum wage may feel that they are not being paid fairly for the tasks they are performing on the job. Fortunately, the state has decided to raise the minimum wage starting next year. This increase may help many workers make ends meet and better provide for themselves and their families.  

The minimum wage will increase for most workers 

The minimum wage for employees of smaller companies will increase from $8.63 per hour to $8.85 per hour. Smaller companies are those with an annual gross revenue of less than $500,000. This wage increase will also apply to those involved in youth and training work and those who work in summer work exchange visitor programs.    

For larger companies, those with an annual gross revenue of more than $500,000, the minimum wage will increase from $10.59 per hour to $10.85 per hour. The wage increase does not apply to employees who work in Minneapolis or St. Paul because those cities already have higher minimum wages. These changes will take starting Jan. 1, 2024. Employers are required to provide employees with written notice of wage changes before those changes take place.  

Unfair pay can be a serious problem for workers 

Many employees feel they are paid unfairly based on the tasks they perform, and the wages paid to colleagues who perform the same tasks. Unfair pay can leave one with serious financial troubles. Some Minnesota workers may not be aware of the state’s employment laws, leaving them vulnerable to being paid an unfair wage. Anyone who feels they aren’t being paid fairly can benefit from speaking with an attorney to understand what legal options they may have.