Bill > SF3

This bill, titled "Minimum wage increase and large employer staggered increase," proposes to amend Minnesota Statutes by adjusting the minimum wage rates for both large and small employers, as defined by their annual gross volume of sales. Specifically, for "large employers," those with annual sales of $625,000 or more, the minimum wage will increase to $7.25 per hour starting August 1, 2013, then to $7.50 per hour on August 1, 2014, and finally to $7.75 per hour on August 1, 2015. The bill also introduces a specific provision for large employers regarding employees under 18, requiring them to be paid at least $7.25 per hour beginning August 1, 2013, unless they qualify for the lower training wage. For "small employers," those with annual sales less than $625,000, the minimum wage is set at $5.25 per hour starting August 1, 2005. Additionally, the bill allows employers to pay employees under 20 years old a lower wage of $5.15 per hour during their first 90 days of employment, provided the employer does not reduce employment or benefits to hire workers at this lower rate. The Minnesota Fair Labor Standards Act, sections 177.21 to 177.35, is the governing legislation for these wage requirements.