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Minnesota Minimum Wage Increases To $8

August 1, 2014, 6:57 AM

Minnesota Minimum Wage Increases To $8

Minimum-wage earners in Minnesota get a pay raise to $8 an hour.

For Minnesota's lowest-paid workers, the most welcome move the Legislature made this year was increasing the minimum wage for the first time in nearly a decade.

The hourly wage moves from $6.15 to $8, the first in a series of steps that will eventually set it at $9.50 an hour for big companies, including those with gross annual sales topping a half-million dollars. Smaller companies phase up to $7.25 an hour next year, which is currently the federal minimum wage, then $7.75 by August 2016.

And starting in 2018, the minimum wage is indexed to inflation, which likely means automatic raises.

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