Is $25/Hour the New Norm? Bank of America’s Big Wage Move Shakes Industry in Michigan

Posted on November 17, 2024November 17, 2024 by Michael Hardy

Bank of America has increased its minimum hourly wage to $24, aiming for $25 by 2025, thus raising full-time salaries to nearly $50,000 annually. This move enhances employee financial security and work-life quality, promoting competitive pay in the industry. The increase may influence other employers amid rising living costs, especially in Michigan.

Michigan Minimum Wage War – Bipartisan Bills Seek to Shield Businesses from Court Ordered Pay Rate Increases

Posted on November 12, 2024November 12, 2024 by Michael Hardy

State Representative Graham Filler proposes new legislation to protect local businesses from Michigan minimum wage hikes and sick leave mandates

Two Wage Hikes Coming for Michigan Workers in Early 2025 – Employers Need to Get Ready

Posted on November 12, 2024November 12, 2024 by Michael Hardy

Michigan’s minimum wage will increase in 2025 due to a Supreme Court ruling reinstating voter-initiated laws. Starting January 1, the standard minimum wage will rise from $10.33 to $10.56, with further increases to $12.48 on February 21. Additional wage adjustments will occur annually from 2026 through 2028, affecting all employee categories.