Friendly reminder – the minimum wage rates in Minneapolis and St. Paul increase yet again July 1, 2023. The minimum wage rate for employers with 100 employees or less in Minneapolis will increase from $13.50 to $14.50. In St. Paul, the minimum wage increases will impact both small and large employers. For businesses with 100 employees or less, minimum wage will rise from $12 to $13; businesses with 101 or more employees will have minimum wage rates increase from $13.50 to $15.