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Minimum wage hike takes effect Friday

The first phase of Minnesota's minimum wage increases will take effect this Friday, August 1, 2014. Starting then, small employers must pay at least $6.50 per hour, and large employers must pay at least $8.00 per hour.

The law also allows for a 90-day training wage and a youth wage, both of which mirror the small employer minimum wage rates. It also includes automatic increases on August 1, 2015 and August 1, 2016, and it allows for inflationary increases starting in 2018.

For minimum wage purposes, state law defines a large employer as any enterprise with an annual gross dollar volume of sales made or business done of $500,000.00 or more. A small employer is any enterprise with an annual gross volume of sales made or business done of less than $500,000.00.

For more information about this article, please see the Minnesota Department of Labor and Industry's fact sheet on minimum wage rates, the DOLI's related Employer Fact Sheet, or contact me at taj@alexandriamnlaw.com.

The comments posted in this blog are for general informational purposes only. They are not to be considered as legal advice, and they do not establish an attorney-client relationship. For legal advice regarding your specific situation, please consult your attorney. Copyright 2014 Swenson Lervick Syverson Trosvig Jacobson Schultz, PA

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