Minimum Wage Increase Set for Friday Updated: 07/29/2014 6:17 PM Created: 07/29/2014 4:44 PM WDIO By: Briggs LeSavage blesavage@wdio Minnesotans earning minimum wage will start seeing a raise in their pay checks starting Friday when a new state law takes effect and bumps up pay for thousands of workers statewide. Governor Mark Dayton (D-Minn.) signed the law last spring that will raise the current $6.15 minimum wage large employers are paying their employees to $8 an hour starting Friday. That requirement will then jump to $9 an hour in August 2015 and then $9.50 an hour in August 2016. The law defines large businesses as ones where the employers gross more than $500,000 annually. Small businesses, ones where the employers annual gross revenues are less than $500,000, are required to make adjustments as well. Those companies must pay their employees $7.75 an hour by 2016.
Posted on: Wed, 30 Jul 2014 00:58:42 +0000
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