Labor: hours and wages; minimum wage; modify. Amends sec. 4 of 2018 PA 337 (MCL 408.934).

This bill updates Michigan's minimum wage schedule and introduces an automatic annual adjustment mechanism tied to inflation. It sets specific wage increases starting in 2025, with the rate reaching $20.00 by 2030, while also requiring the state treasurer to calculate yearly raises based on the consumer price index beginning in 2030. However, the bill includes a provision that pauses these automatic increases if the state's unemployment rate reaches 8.5% or higher in the preceding year. These changes directly affect employers and employees subject to Michigan's minimum wage laws under the Improved Workforce Opportunity Wage Act.