Bill > HB6287

This bill proposes to amend the Improved Workforce Opportunity Wage Act by modifying the minimum wage rates in Michigan. The key provisions are: 1. Gradually increasing the minimum wage from $10.56 in 2025 to $20.00 by 2030. 2. Requiring the state treasurer to calculate and publish an adjusted minimum wage rate every October, starting in 2030, based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). 3. Providing an exception to the minimum wage increase if the state's unemployment rate is 8.5% or greater in the preceding year. The bill aims to raise the minimum wage over time to better support workers and account for increases in the cost of living, while also considering the potential impact on the state's employment rate.