Minnesota's minimum wage would rise to $9.50 per hour within a few years and continue going up unless a governor's administration applied the brakes.
That's the outline of a deal announced Monday between leaders of the House and Senate. It could move through both Democratic-led chambers this week.
Minnesota's current minimum is $6.15 for large employers, though most workers qualify for a higher federal minimum. Minnesota's base rate hasn't gone up since 2005.
Lawmakers had generally agreed to hit the $9.50 mark in a series of steps beginning this summer. But House leaders insisted on raises tied to inflation starting in 2017. Top senators said they couldn't muster support for purely automatic increases.
By giving the governor veto power, future raises could be withheld if economic trouble hits.
Most Popular Today
New Hotel Coming To Southwest Sioux Falls
Riverboat Casino Ends Operation In Sioux City
Hard Rock Casino Opens In Sioux City
- 4.Your Money Matters
Hiring A Roofer
HJN Realtor Breaks Off To Form Own Agency
Sioux Falls On Track To Break Record Year For Construction
Hard Rock Hotel & Casino Opens In Sioux City Friday
- 8.Your Money Matters
Fix The Car Or Cash The Check?
Friday Morning Business Brief
Thursday Morning Business Brief