Understanding the Minnesota Minimum Wage Landscape
Minnesota has been actively revising its minimum wage policies to address the economic challenges faced by low-income workers. As of 2023, the state has set a minimum wage of $10.33 per hour for large employers and $8.42 per hour for small employers. These figures are slated to increase annually, keeping pace with inflation and the cost of living. The goal is to ensure that workers can meet their basic needs without falling into poverty. This policy is part of a broader initiative to provide financial stability and enhance the quality of life for residents. It reflects a commitment to creating a fairer economic…..