What Is Minnesota’s Minimum Wage? August 1 Increase The Last Of Scheduled Cost Of Living Raises
Did you get a raise today? If you did, you joined more than 287,000 Minnesotan's who received a scheduled cost of living raise to their minimum wage salary. The new rate for large employers as of August 1, 2016 is $9.50 an hour.
Today's increase was approved in 2014 as part of a tiered-system that would bring the minimum wage more in line with the cost-of-living. While this represents the last scheduled increase, the law provides for a matched system that indexes future increases.
Prior to passing the increase law in 2014, Minnesota had the lowest minimum wage in the nation; the old rate of $6.15 was more than a dollar less than the national minimum wage of $7.25.