DLI Releases 2024 Minimum-Wage Rate Adjustments
The Minnesota Department of Labor and Industry (DLI) released the minimum-wage rate information that begins on Jan. 1, 2024. Minnesota's minimum wage rates will be adjusted for inflation on Jan. 1, 2024, to $10.85 an hour for large employers and $8.85 an hour for other state minimum wages.
As of Jan. 1, 2024:
- Large employers – with annual gross revenues of at least $500,000 – must pay at least $10.85 an hour.
- Small employers – with annual gross revenues less than $500,000 – must pay at least $8.85 an hour.
- The training wage rate, $8.85 an hour, may be paid to employees younger than 20 years of age for the first 90 consecutive days of employment.
- The youth wage rate, $8.85 an hour, may be paid to employees younger than 18 years of age.
These state minimum wage rates will not apply to work performed in the cities of Minneapolis and St. Paul, which have a higher minimum wage.
Later this fall, DLI will release a minimum-wage poster that must be posted in a location where employees can easily see them. Visit the department’s “Workplace Notice and Posters” webpage to download the required notices directly. You can sign up for automatic updates when the department updates each notice or poster.
Please reach out to Mark Schulz with any questions.
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