Rick Snyder Signs Michigan Minimum Wage Hike To $9.25 an Hour [Report]

The minimum wage increase in Michigan has been approved by Governor Rick Snyder, sending the minimum to $9.25.

The increase is gradual, and nearly one dollar less than most Democrats were proposing.

The increase would be set into motion immediately, but the $9.25 mark would not be reached until 2018.  The bill would also raise pay for tipped workers to $3.50 from $2.65.

One of the good points of the bill is that the wage would also rise with inflation once it hits the $9.25 mark.

There are very valid arguments on both sides of this debate, but the two opposing sides are clear on their main arguments.

One argument is that the $9.25 mark is still not high enough, and even that increase would not bring a minimum wage worker out of poverty.

The other side argues that a dramatic increase will hurt small business growth, because employers will not be able to pay their employees.

How do you feel about the minimum wage increase?  Tell us in the comments below.