There has been a lot of confusion about who is impacted by the law passed in 2023 creating the MN Secure Choice Retirement Plan and the program’s timeline for implementation. This new mandate will impact employers with five or more employees that do NOT offer a retirement program to their employees. At a recent meeting of the SCRP board, a timeline of implementation was set out by staff stating that the new retirement program will NOT start until first quarter of 2026 at the earliest and then will likely be
For the second time in seven years, a federal court in Texas has struck down a U.S. Department of Labor (DOL) rule aimed at expanding the scope of overtime eligibility to workers across the country. On November 15, 2024, in State of Texas v. United States Dep’t of Labor, Judge Sean D. Jordan of the United States District Court for the Eastern District of Texas ruled that the DOL exceeded its rulemaking authority by raising the minimum salary for exemption as an executive, administrative, or professional
Northern Exposure: Measuring Artificial Intelligence in Minnesota's Economy By Luke Greiner and Cameron Macht September 2024Executive SummaryArtificial Intelligence (AI) is a rapidly improving technology that will impact businesses and workers in Minnesota, enhancing some jobs, disrupting others, and creating new ones.With more than 1.6 million jobs in occupations that are highly exposed to AI, Minnesota has a high concentration of employment that will be impacted.These occupations tend to have higher
Important update: Attorney General releases FAQ on Minnesota's price transparency (junk fee) lawOn Friday the Minnesota Attorney General sent Minnesota Retailers an FAQ document regarding the state's new price transparency law, commonly known as the "junk fee" law. This law, which will take effect on January 1, 2025, aims to provide consumers with clearer pricing by ensuring that all mandatory fees are disclosed upfront in advertised prices. The Attorney General's office mentioned to Minnesota Retailers
"Manufacturing employment is growing in Northeast Minnesota." This is a statement that has not been uttered often over the last couple of decades. However, after a decade of significant decline, followed by a decade of stagnation, employment has now grown three consecutive years, building upon the modest growth that was perforated by the Pandemic Rescession. As a result, Manufacturing employment is at the highest it has been since before the Great Recession. To read more:Northeast Region / Minnesota