Minnesota Finally Seeing Wage Growth

2030 | 2023 edition - Minnesota's economic performance 2020–2023

Minnesota trailed U.S. growth rates in GDP, per capita income and total employment from 2019-2022. These are among three of the broadest measures of overall ...

Jobs and the Economy - U.S. Senator Amy Klobuchar

As Minnesota's U.S. senator, I will continue to focus on these priorities: Promoting a competitive economy, long-term economic growth, and good-paying jobs. As ...

History of Changes to the Minimum Wage Law

Finally, the amendments established an overtime exception for time ... A separate provision of the bill brings about phased increases to the minimum wages ...

Minnesota Set to Increase Minimum Wage Rates in 2023 ...

For “small businesses” (six to one hundred employees), the minimum wage will increase from $12.00 to $13.00 per hour on July 1, 2023. Finally, ...

Minnesota's unemployment rate increased again in August - KIMT

“Over the last several months, we have seen strong wage growth in Minnesota,” says Labor Market Information Director Angelina Nguyen.

For the first time in 2 years, pay is growing faster than prices

Pay is finally rising faster than consumer prices, according to data from the Bureau of Labor Statistics. Average hourly pay has grown at an annual rate of 4.4 ...

... wage growth. In the textbook competitive model, a tightening labor market ... see an earnings premium and ultimately more than offset their college costs.

Fed researchers: $15 minimum wage in Minneapolis and St. Paul ...

Take Minneapolis' retail sector, for example: The minimum wage increase led to 28% fewer retail jobs than researchers would've expected from a ...

Inflation Reduction Act creates thousands of union jobs in Minnesota

The higher wages in Minnesota are driven in part by the higher rate of unionization (although Hawaii and California both have higher rates of ...

MAKING WORK PAY IN MINNESOTA - Hunger Solutions

Minnesota job growth in low-wage occupations will continue. Projections of ... see wage gains.20. Although 77% of minimum wage increase beneficiaries are ...

For most U.S. workers, real wages have barely budged in decades

That's in line with average wage growth over the past five years: Year-over-year growth has mostly ranged between 2% and 3% since the beginning ...

August jobs report is mixed, but a pleasant surprise on wages

Year over year, we've seen about a 3.8% increase in overall wages,” said Jane Oates, a policy analyst at WorkingNation. Keep in mind ...

More Changes to Minnesota's Employment Laws are Imminent

Effective January 1, 2025, employers with 30 or more total employees in Minnesota will be subject to Minnesota's new pay transparency ...

Study: Wages Are Still Losing In The Post-Pandemic Inflation Race

... increase in wages, Bankrate's Wage To Inflation Index found ... “We're seeing wage growth cool because demand is falling,” says Sam ...

What MN businesses and workers need to know about 2024 changes

Starting Jan. 1, more minimum wage increases went into effect, along with a new law banning employers from asking candidates about previous pay.

Workers across the state get a raise today, but often still can't make ...

In 2014, Minnesota policymakers enacted a long overdue increase to the state's minimum wage. Since then, the minimum wage has seen scheduled, ...

St. Cloud Construction Workers Have Seen a 2.1% Wage Increase

St. Cloud Metro Construction Worker Wages Are Outpacing Inflation ... Less than half of the states in the union saw inflation-adjusted wage growth ...

Inflation does vary between rural and urban Minnesota

In urban households, earnings rose by only 8% from 2020 to 2022, while expenses rose 18%, much slower than in rural areas. Because urban ...

Progress 2024: New survey highlights optimism for Minnesota ...

Two-thirds of firms expect labor availability to stay about the same, while nearly 65% anticipate raising wages by at least 3% to attract ...

Uber and Lyft use lobbying to fight minimum wage law in Minnesota

... ultimately passed city minimum wage laws. ... McGlory says drivers in other states have been watching Minnesota, waiting to see what happened.