Minimum Wage Florida 2024 Impact Assessment. It earned 60.8% across the state. Florida’s minimum wage increased to $12 an hour saturday on its way to reaching $15, but its impact on workers likely has been diminished due to high inflation and already higher wages prompted.
Federal and state minimum wage rates, annual. Florida’s current minimum wage is $8.56, higher than the $7.25 mandated by federal law.
What Is The Florida Minimum Wage?
The happenings in miami beach are a key part in the story of what led to more than 60% of florida voters passing a ballot amendment in 2020 that will raise the statewide minimum wage to $15 by 2026 — a 73% increase from current levels.
It Will Go Up To $15 In The Next Three Years.
Despite having one of the highest minimum wages in the south, florida simultaneously has the highest minimum wage violation rate of the ten most populous states in the nation.
The Current Minimum Wage Rate In Florida Is Currently Set To $12 Per Hour, But After Voters Approved A State Constitutional Amendment In 2020, The Minimum Wage Rate Will Increase Every Year Until It Reaches $15 Per Hour By 2026.
It’s set to increase by a dollar every year until 2026.
As Of September 30, 2023, The New Hourly Minimum Wage Rate In Florida Is $12 Per Hour.
However, this is set to change in the near future, as florida voters approved a ballot measure in november 2020 to gradually increase the minimum wage to $15 per hour by 2026.