The minimum wage in both Minneapolis and St. Paul increase Thursday.
Driving the news: Both cities passed phased ordinances that will eventually bring a $15 minimum wage.
- Minneapolis is moving faster than St. Paul.
Why it matters: For thousands of workers, it means an extra 75 cents or $1 in their pocket every hour.
How it works: In Minneapolis, companies with 100 or fewer employees will have to pay $12.50 an hour, an increase of 75 cents.
- Those with more than 100 workers have to pay $14.25 an hour, a $1 hike.
In St. Paul, there's a four-tier schedule.
- Businesses with more than 10,000 employees will stay at $12.50 an hour.
- Those with 101 to 10,000 employees will go from $11.50 to $12.50.
- Businesses with six to 100 employees will jump from $10 to $11.
- Micro-businesses with five or fewer workers will go from $9.25 to $10 an hour.
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