Michigan's minimum wage will increase to $9.25 per hour by 2018.
The state House and Senate compromised on the bill yesterday and was signed by Governor Snyder last night. The bill would slowly raise the current minimum wage of $7.40 for hourly workers and would also increase the rate of tipped employees to $3.51 by 2018, from the current $2.65. The rate would change each year by 3.5% or based on inflation... whichever is lower. Snyder said this is something good for Michigan and will hopefully create long-term economic success. Despite the Legislature reaching a compromise, The Raise Michigan Coalition still plans to turn in more than 300,000 signatures today to get their petition on this year's ballot. Their goal is to raise the minimum wage to $10.10 an hour for all regular and tipped employees... which legislators believe would hurt Michigan businesses, especially restaurants.