COMP NEWS – Minnesota is set to adjust its minimum wage next year in order to keep pace with the United States’ rate of inflation.

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.

 

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%.

Minnesota has different minimum wage requirements for employees based on an employer’s annual gross revenue, as well as seperate requirements for training wages and youth wages for workers under 18.

Rates as of Jan 1, 2022

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.

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