Minnesota's minimum-wage rates will be adjusted for inflation Jan. 1, 2022, to $10.33 an hour for large employers and $8.42 an hour for other state minimum wages, a Thursday press release from the Minnesota Department of Labor states.
The current large-employer minimum wage, $10.08, will increase by 25 cents to $10.33. Other state minimum wages, including the small-employer, youth and training wages, as well as the summer work travel exchange visitor program wage, which are all currently $8.21, will increase by 21 cents to $8.42. These increases are both 2.5%.
As of Jan. 1, large employers must pay at least $10.33 an hour when the employers annual gross revenues are $500,000 or more. Small employers must pay at least $8.42 an hour when the employer's annual gross revenues are less than $500,000. The training wage rate, $8.42 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, $8.42 an hour, may be paid to employees younger than 18 years of age.