Provision | Current Law Until Dec. 31, 2017 |
New Law Effective Jan.1, 2018 |
Large employer wage | $9.50/hour | $9.65/hour |
Small employer wage | $7.75/hour | $7.87/hour |
90-day training wage (Under 20 years of age) | $7.75/hour | $7.87/hour |
Youth wage (Under 18 years of age) | $7.75/hour | $7.87/hour |
Inflation increase | No inflation increases | Inflation indexing begins on Jan. 1, 2018 |
A large employer is a business with annual gross revenue of $500,000 or more. There are both state and federal minimum wage laws. The employee is entitled to the higher of the two minimum wages when an employee is covered by both the state and federal minimum wage laws. The current federal minimum wage is $7.25/hour. Starting January 1, 2018, large employers will need to increase their minimum wage to $9.65/hour under Minnesota law.