On Tuesday, Michigan Governor Rick Snyder signed into law a bill that will boost the Michigan minimum wage to $9.25 per hour in four years.
The bill, which enjoyed bipartisan support in both houses of the state’s GOP-controlled legislature, increases the Michigan minimum wage from a current level of $7.40 per hour for workers who receive tips, Reuters notes.
Snyder, who is a Republican, hailed the Michigan minimum wage hike as “good for the hard-working people of Michigan.”
The Michigan minimum wage will reach $9.25 per hour by 2018. Beginning in 2019, the Michigan minimum wage will be tied to the rate of inflation. Annual hikes will be capped at 3.5%.
A number of other states are considering hikes to their minimum wage laws. Earlier this month, Maryland passed a bill increasing its minimum wage to $10.10 an hour by 2018.
More Minimum Wage News:
- Mitt Romney Supports Minimum Wage Increase
- Minimum Wage War: Is a Pay Hike Good for the U.S.?
- The Gap to Raise Minimum Wage to $10 an Hour
- Report: Minimum Wage Increase to $10.10 Could Cost 500K Jobs
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