Minnesota minimum-wage rates to be adjusted for inflation

Starting from January 1, 2024, Minnesota's minimum wage rates will be adjusted for inflation, with large employers paying a minimum of $10.85 per hour and other state minimum wages set at $8.85 per hour, in order to provide greater earning power for low-wage workers.

kttc.com

Relevant topic timeline:

8/23/2023

In a Hot Job Market, the Minimum Wage Becomes an Afterthought

The minimum wage is becoming increasingly irrelevant as a result of a hot job market that has led to higher pay across industries and rendered the minimum wage largely meaningless in many states, with few workers earning the federal minimum wage.

9/12/2023

California Groups Reach Deal to Raise Minimum Wage to $20/hr, Averting Ballot Fight

California restaurants and unions have agreed to raise the minimum wage for fast-food workers to $20 per hour, avoiding a potential ballot fight over a previously passed law.