Only 4 states in the nation have a minimum wage requirement lower than the federal minimum wage – one of them being Minnesota. But that might not be true for long.
Two bills have been proposed this month to raise the minimum wage in Minnesota to exceed the federal minimum wage of $7.25.
State Senator Chris Eaton introduced S.F. No. 3, which would:
- Raise the minimum wage for large businesses from $6.15 to $7.50 an hour.
- Keep the minimum wage for small businesses at $5.25 an hour.
In the Minnesota House of Representatives, Rep. Joe Mullery introduced H.F. No. 10, which would:
- Raise the minimum wage for large businesses from $6.15 to $9.38 an hour.
- Raise the minimum wage for small businesses from $5.25 to $8.01 an hour.
Both proposals, if passed, would begin on August 1st of this year, and both call for an annual increase based on inflation.
*A large business is defined as a business where the annual gross volume of sales made or business done is more than $625,000 and covered by the Fair Labor Standards Act, sections 177.21 to 177.35.
*A small business is defined as a business where the annual gross volume of sales made or business done is less than $625,000 and covered by the Fair Labor Standards Act, sections 177.21 to 177.35.
