Maximizing Wages, Minimizing Employment
This is probably not the best move for a state that has been among the worst in the nation in terms of unemployment: “Lawmakers in the Michigan House of Representatives are preparing to vote on a proposed hike in the minimum wage to nearly $7 an hour.” The state Senate passed the measure late last week, so the House’s agreement would put the matter into the hands of Gov. Granholm.
According to the Office of Labor Market Information, Michigan’s unemployment rate for January was 6.2%, which puts it in a tie for fourth-worst in the nation. Believe it or not, this is a notable improvement for the state, which at various points in the previous two years had been at the top of the unemployment rankings, hovering around 7%. The national unemployment rate is 4.7%.
According to the Office of Labor Market Information, Michigan’s unemployment rate for January was 6.2%, which puts it in a tie for fourth-worst in the nation. Believe it or not, this is a notable improvement for the state, which at various points in the previous two years had been at the top of the unemployment rankings, hovering around 7%. The national unemployment rate is 4.7%.
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