Michigan's New 3 Step Wage Law
Michigander's have a new wage law that went into effect 10/02/2006. Governor Granholm signed it into law March 28, 2006. As of today the new minimum hourly wage is $6.95, it will increase to $7.15 July 2007, and finally rest at $7.40 July 2008.
Tipped workers remain at $2.65 per hour, but their tips and hourly wage must add up to the new minimum hourly wage.
38% Full-time employees, 75% twenty years and older, 60% female, and 23% parents will benefit from this new minimum hourly wage increase. 44% of families with children will benefit from this increase also.
We feel that this will be well received by the working class of Michigan. We have not looked at it's ramifications on Michigan's small business base. How will this increase affect small business. We would like to hear from some small business owners in Michigan.
Michigan has a lot of issues on the ballot including the SBT issue. I'm sure Governor Granholm will win some votes for the increase in hourly pay.
posted by Roshina Loving @ 6:18 PM
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