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Democratic House and Senate leaders said they reached an agreement on legislation to increase the state's minimum wage.
The agreement would increase the minimum wage to $9.50, phasing the increase in by 2016. The minimum wage would also be indexed to inflation beginning in 2018 under the oversight of the Minnesota Department of Labor and Industry, helping to ensure workers earning the minimum wage will not fall behind as the cost of living increases in the future.
House Leader Paul Thissen said the agreement will help Minnesota workers, and in doing so, strengthen Minnesota's economy.
The author of the House bill, Representative Ryan Winkler, said the measure provides for a transition for the business community.
House and Senate DFL leaders said they expect to pass the bill this week.