The minimum wage is established by the Code of Virginia § 40.1-28.10. The law establishes $9.50 per hour as the minimum wage effective May 1, 2021. The minimum wage is scheduled to increase to $11.00 per hour on January 1, 2022, with another increase scheduled on January 1, 2023 to $12.00 per hour. There are numerous classes of workers who are exempt from the Virginia minimum wage. Employers should review the Update published by the Virginia Department of Labor and Industryâ€s Labor and Employment Law Division.