Minimum Wage Florida 2024 Impact. 58 rows release table for 2024, release tables: Under the default policy based on the raise the wage act of 2023, the minimum hourly wage is $9.50 in 2024, $11.00 in 2025, $12.50 in 2026, $14.00 in 2027,.
Florida’s minimum wage stood at $8.56/hour when voters approved the 2020 ballot measure to incrementally increase base pay, according to floridacommerce. 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.
The Measure Blocks Local Governments From Passing Labor.
On january 1, 2024, the state of florida increased the state’s minimum wage to $12.00 for each hour worked, except worker’s tips.
Florida’s Current Minimum Wage Is $12.00 Per Hour, Which Is Higher Than The Federal Minimum Wage Of $7.25 Per Hour.
The minimum wage is adjusted annually based on a set formula.
As A Result, The Minimum Wage In The State Will Rise From Its Current $8.56 An Hour To $10.00 On September 30, 2021.
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If 60% Of Voters Approve Amendment 2, Florida’s Minimum Wage Would Be $10 Per Hour In 2021, Increasing By One Dollar An Hour Per Year Until It Hits $15 In 2026.
Florida’s minimum wage increased by $1 to $12 on sept.
The Minimum Wage In Miami Is Currently $11.00 Per Hour.