Minimum wage will increase in Michigan on Jan. 1 –

wage and compensation growth in u.s

In this June 15, 2018 photo, twenty dollar bills are counted in North Andover, Mass. The percentage of small businesses raising their prices in May jumped to the highest level since 2008, at a net 19 percent, according to a survey by the National Federation of Independent Business. And more seem set to follow suit. A little more than a quarter of small businesses said they plan to raise their prices over the next three months, the highest level since 2008. (AP Photo/Elise Amendola, File)AP

Michigan’s minimum wage will jump from $9.65 per hour to $9.87 per hour on Jan. 1, 2022, as predetermined by a state law passed in 2018.

The 85% rate for minors who are 16 or 17 is also increasing from $8.20 to $8.39 per hour. Tipped minimum wage jumps from $3.67 to $3.75 per hour. One component won’t change, however – the training wage for newly hired employees 16 to 19 will stay at $4.25 per hour.

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