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Michigan
Minimum Wage Increase |
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On may 27, 2014 Michigan Governer Rick Snyder signed
legislation into law that raises the Michigan minimum wage
from its current rate of $7.40 to $9.25 an hour.
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The raise will go into effect over the next four years.
The increase will start in September 2015 when the rate
moves to $8.15.
In January 2016 it will be raised to $8.50.
In January 2017 it will increase to $8.90 and again in
January 2018 to $9.25.
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Starting in 2019 future minimum wage increase will be
adjusted to the rate of inflation or 3.5 percent, whichever
is lower.
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Read
more about about the law at
Senate Bill 934.
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See
other states minimum wage rates.
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Sources:
Governor’s Press Release
Senate Bill 934
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By Jack
Rivers
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