Minimum wage workers in Minnesota will be getting a modest raise once Jan. 1, 2018 hits.
If you're an adult who works for a large employer (a company that makes $500,000 a year or more), you'll make $9.65 an hour. That's 15 cents more than the current $9.50 minimum wage.
Other hourly workers, like youths and those who work for small employers, will make $7.87 next year – up 12 cents from the $7.75 they make now.
Why this is happening
This 1.56 percent increase to the minimum wage was announced Thursday by the Minnesota Department of Labor and Industry.
It's the first time the state's minimum wage has been adjusted for inflation as required by a 2014 law.
An estimated 250,000 hourly workers in Minnesota make less than $9.65 an hour, the Department of Labor and Industry notes.
State officials say this raise is good news, and will help the lowest-paid Minnesotans make more money to provide for their families.
Minnesota's minimum wage is higher than the federal minimum wage of $7.25 an hour. The last time the state's minimum wage saw an increase was Aug. 1, 2016, when it went up by 50 cents to $9.50 for large employers.
For more information on this increase, click here.