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.
Michigan's wage will be tied for 14th-highest among the 45 states with a minimum wage. The amount that employers can pay 16- and 17-year-olds â which is 85 percent of the minimum wage â will stay at $7.25, the equivalent of the federal minimum wage. But it will increase to $7.57 in 2017 and $7.86 in 2018.