Michigan Governor Rick Snyder says he will sign legislation to gradually raise the state’s minimum wage to $9.25 per hour by 2018 which will prevent a pending ballot initiative to increase the hourly minimum wage to $10.10. The current hourly minimum wage in Michigan is $7.40.
The compromise was struck a day before a committee turns in petition signatures for a higher minimum wage hike.
The bill going to Snyder includes a provision requiring the minimum wage to grow with inflation once it hits $9.25 an hour. It would also raise the wage for workers who get tips to 38% of the minimum wage.
Governor Snyder is expected to sign the legislation later in the evening.