Minimum Wage 2024 Michigan Forecast. Till january 2023, it was set at $10.10 per hour. The state in april raised the minimum wage for fast food workers to $20 and hour, among the highest in the nation.
Wage remains below estimated livable wage. The state in april raised the minimum wage for fast food workers to $20 and hour, among the highest in the nation.
The New Year Will Bring An Automatic Pay Increase To Minimum Wage Workers In Michigan, And It May Not Be The Final Minimum Wage Boost Of 2024.
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Americans Are Feeling Better About The Economy, Thanks To Better Perceptions Of The Job Market.
As of january 1, 2024, employers across michigan are required to pay a minimum wage of $10.33 per hour, representing a slight increase from the 2023 rate of $10.10 per hour.
Historically, State Minimum Wage Rate For Michigan Reached A Record High Of 10.33000 In January Of 2024 And A Record Low Of 1.25000 In January Of 1969.
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On January 1, 2024, Michigan's Minimum Wage Rate Will Increase From $10.10 To $10.33 Per Hour As Set By Michigan's Improved Workforce Opportunity Wage Act Of 2018 Which Establishes The Annual Schedule Of Increases.
The proposal, recently filed with the michigan bureau of elections, seeks to increase the minimum wage by $1 each year with the aim.
This Increase Came Into Effect On January 1, 2024.
After 2027, the wage would adjust automatically with inflation.
The Imf Said On Wednesday That It Now Projects 2024 Gross Domestic Product Growth At 5%, Up From Its Prior Forecast Of 4.6% Made In April.