inflation

Minnesota minimum wage increase could pose risks for businesses

"Where we are in the pandemic I would think that any mandated increases probably aren't the best way to go."

MINNESOTA — As minimum wage increases take effect in Minnesota, businesses could face some tough challenges. “Businesses are feeling the pressure obviously from COVID. Also, a really tight labor market, so the ability to attract, retain and develop employees has been challenging for business and so business of all sizes are having very different effects from the mandate,” Fargo Moorhead…

Minnesota’s Minimum Wage Goes Up to $9.86 for Large Employers, $8.04 for Small Employers

The rates are adjusted for inflation

MINNESOTA — The new year means some new laws are going into effect, and that includes Minnesota’s new minimum wage. For large employers, the new minimum wage for workers is $9.86, which is twenty one cents more than before. For small employers, it’s $8.04, which is seventeen cents higher. If a business’s yearly gross revenue is less than $500,000, they are…