Minnesota bill proposes a phased increase in the state's minimum wage, with adjustments tied to inflation rates.

The bill amends Minnesota Statutes to increase the state's minimum wage incrementally, starting from August 1, 2025, with rates set at $15.00 per hour. It schedules further increases through 2029, culminating in a $20.00 per hour minimum wage. Starting January 1, 2030, the minimum wage will be adjusted annually based on the rate of inflation, as measured by the U.S. Department of Commerce, Bureau of Economic Analysis. Employers are prohibited from reducing wages or benefits to hire new employees at the authorized wage rates.

Minnesota bill proposes a phased increase in the state's minimum wage, with adjustments tied to inflation rates.

The bill amends Minnesota Statutes to increase the state's minimum wage incrementally, starting from August 1, 2025, with rates set at $15.00 per hour. It schedules further increases through 2029, culminating in a $20.00 per hour minimum wage. Starting January 1, 2030, the minimum wage will be adjusted annually based on the rate of inflation, as measured by the U.S. Department of Commerce, Bureau of Economic Analysis. Employers are prohibited from reducing wages or benefits to hire new employees at the authorized wage rates.