The medical billing and coding profession is expected to see substantial employment growth because of the overall projected need for professionals in healthcare. While already a massive industry, healthcare is expected to grow exponentially due to the aging of the U.S. population.
Dates of Minimum Wage Rate Increases. The current minimum wage is $7.40. The rate increases as follows: 1  September 1, 2014 - $8.15. 2  January 1, 2016 - $8.50. 3  January 1, 2017 - $8.90.4  January 1, 2018 - $9.25.he current minimum wage is $7.40. The rate increases as follows: 1  September 1, 2014 - $8.15. 2  January 1, 2016 - $8.50. 3  January 1, 2017 - $8.90. 4  January 1, 2018 - $9.25.
85% Minimum Wage. Act 138 also allows an employer in Michigan to pay 85 percent of the minimum wage to employees aged 16 and 17; however, note that the current Federal Minimum Wage rate is $7.25 per hour. Employers that are covered by both State and Federal Minimum Wage law should pay the higher applicable rate.