The term “mn minimum wage 2025” refers to the minimum hourly wage that employers in the U.S. state of Minnesota must pay their employees, as set by law. In 2023, Minnesota’s minimum wage is $10.50 per hour. However, legislation passed in 2021 will increase the minimum wage to $12.50 per hour on January 1, 2025, and to $15.00 per hour on January 1, 2027.
Raising the minimum wage has a number of benefits, including reducing poverty, stimulating the economy, and increasing worker productivity. A higher minimum wage can help to lift low-wage workers out of poverty and provide them with a more secure financial footing. It can also stimulate the economy by increasing consumer spending and boosting business profits. Additionally, a higher minimum wage can lead to increased worker productivity, as employees are more likely to be motivated and engaged when they are paid a fair wage.
