Dec 19, 2023 - News

The minimum wage is going up

Minimum wage by state
Data: Paycor; Map: Tory Lysik/Axios Visuals

Michigan's minimum wage will increase from $10.10 to $10.33 on Jan. 1, 2024.

  • For tipped workers, it increases to $3.93 per hour.

The big picture: We're one of 22 states where the minimum wage is set to increase next year, Axios' Emily Peck reports.

  • More states are requiring a $15 an hour minimum wage — including New York, Maryland and New Mexico — a dozen years after Fight for $15 kicked off its campaign.
  • Thanks to inflation, the dollar amount doesn't quite mean what it used to.

Why it matters: For Americans making minimum wage, it's an automatic raise — but it also ripples out. Typically, increasing the wage floor for the lowest earners pushes up pay for those who make a bit more than the minimum, as employers have to adjust pay scales upward.

Between the lines: The Michigan Supreme Court could increase the minimum wage even more.

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