Labor Standards -- How federal minimum-wage increase affects Minnesota businesses
Federal minimum-wage increase effective July 24, 2009
The federal minimum-wage to be paid by covered employers is $7.25 an hour effective July 24, 2009. These employers include:
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businesses that produce or handle goods for interstate commerce;
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businesses with annual dollar volume of business of $500,000 or more; and
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certain other businesses, including hospitals and nursing homes, private and public schools, and federal, state and local government agencies.
There are both state-minimum-wage laws and federal-minimum-wage laws. In cases where an employee is subject to both the state and federal minimum-wage laws, the employee is entitled to the higher of the two minimum wages.
| Applicability July 24, 2009 | Wage |
|
|---|---|---|
Training wage |
may be paid to new employees under the age of 20 during their first 90 days of employment |
$4.90 |
Small employers |
annual sales volume of less than $500,000 and not engaged in interstate commerce |
$5.25 |
Federally covered employers |
businesses with annual dollar volume of business of $500,000 or engaged in interstate commerce |
$7.25 |
Visit www.dol.gov or call (612) 370-3341 for information about the federal minimum-wage law. |
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