Michigan SB0008 amends minimum wage rates and adjusts them annually based on inflation.

Michigan SB0008 amends the minimum wage rates, setting them at $10.00 starting February 21, 2025, and increasing annually until reaching $15.00 in 2027. The state treasurer calculates an adjusted minimum wage rate every October, based on the consumer price index for urban wage earners and clerical workers. The adjusted rate takes effect January 1 of the following year. The bill also mandates employers to inform employees of their plan to distribute service charges and requires them to keep compliance records for three years.

Michigan SB0008 amends minimum wage rates and adjusts them annually based on inflation.

Michigan SB0008 amends the minimum wage rates, setting them at $10.00 starting February 21, 2025, and increasing annually until reaching $15.00 in 2027. The state treasurer calculates an adjusted minimum wage rate every October, based on the consumer price index for urban wage earners and clerical workers. The adjusted rate takes effect January 1 of the following year. The bill also mandates employers to inform employees of their plan to distribute service charges and requires them to keep compliance records for three years.