The State of Minnesota has revealed what the state's minimum wage will rise to from Jan. 1, 2021.
The state announced Friday that the current minimum wage is rising to adjust for inflation, and will change as follows:
– For large employers (revenue of at least $500,000) it will rise from $10-an-hour to $10.08.
– For small employers (less than $500,000), youth and training wages, it will rise from $8.15-an-hour to $8.21.
The modest rise comes after a period of low inflation. On Jan. 1 this year, it rose by 14 cents from $9.86 to $10.
The minimum wages don't apply in Minneapolis and St. Paul, which have their own higher minimum wages in place.
But the state's minimum wage remains significantly higher than the federal minimum wage, which has been stuck at $7.25-an-hour since July 2009.