Signed into law on June 22, 2022 by Governor Ige, Act 114 increases the minimum wage from $10.10 per hour to $12 an hour starting October 1, 2022.
That is just the beginning. Further increases are coming: The new minimum wage will be increased further to:
Economic Outlook:
That is just the beginning. Further increases are coming: The new minimum wage will be increased further to:
- $14 per hour starting Jan. 1, 2024
- $16 per hour starting Jan. 1, 2026, and
- $18 per hour starting Jan. 1, 2028
Economic Outlook:
- Increased income to workers and their families.
- Increased prices for goods and services due to increased wages.
- Inflation will continue.