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Basic Minimum Rate (per hour) is $7.25 for employers with ten or more full time employees at any one location or employers with annual gross sales over $100,000 irrespective of number of full time employees. All other employers: Basic Minimum Rate (per hour): $2.00. Unless the employers are subject to the Fair Labor Standards Act, in which case ...
Beginning January 1, 2018, all minimum wage rates increase annually by the national implicit price deflator or 2.5%, whichever is lower. [256] For large employers when the employer's annual gross revenues are $500,000 or more, the Minnesota minimum wage became $10.59 on January 1, 2023.
The regular minimum wage and tipped minimum wage are the same in Minnesota. Workers in the Twin Cities, however, make a higher wage: $13.50 in Minneapolis. ... California will have the highest ...
States’ minimum wage rates are often eclipsed by those in many of their own cities and counties. ... Minnesota: $10.85 for large employers, up from $10.59; $8.85, ...
In Minnesota, the minimum cash wage payment is $10.59 per hour. For tipped employees, the tip credit is $6.26 per hour and 38% of the applicable minimum cash wage of $3.84 per hour.
The Fair Minimum Wage Act of 2007[ 3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...
Under the new agreement, the statewide minimum wage rate for rideshare drivers will be $1.28 per mile and $0.31 per minute. The rule will override the higher rate the Minneapolis City Council had ...
Minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money—for example $7.25 per hour ($14,500 per year) under certain US state laws (or $2.13 for employees who receive tips, which is known as the tipped minimum wage), $16.28 per hour in the U.S. state of Washington, [29] or £8.91 ...