Minimum Wage Florida 2024 Projections Synonym. Florida has a higher minimum wage than the federal minimum wage of $7.50 and in september it will increase even more. 30, 2025, and finally, to $15 on sept.
This is part of the state’s larger goal to continue increasing its minimum wage—scaling it to $15.00 per hour by 2026 after a successful popular vote on amendment 2 in november 2020. It stems from a constitutional amendment passed last year to increase the state’s minimum wage by $1 every year starting in 2022, to reach $15 an hour by sept.
Signatures Have Been Submitted For An Initiative In Michigan Targeting The 2024 Ballot That Would Incrementally Increase The State’s Minimum Wage To $15 By 2027.
Once the minimum wage rate reaches $15, it will then be adjusted annually for inflation.
As Of 2021, Florida’s Minimum Wage Stands At $8.65 Per Hour, Which Is Higher Than The Federal Minimum Wage Of $7.25 Per Hour.
According to the florida department of economic opportunity, the minimum wage in florida was $11 per hour till 29 september 2023, but from 30 september onwards, it has been increased.
The “Macro” Value And Schedule Are Listed In The Tracker.
New minimum wage in florida in 2024 how much it increases and when it, the minimum wage increased to $12 per hour as of september 30, 2023, and will increase by $1 each.
In November 2020, Florida Voters Approved A State Constitutional Amendment That Gradually Raises The State’s Minimum Wage Each Year Until It Reaches $15 Per Hour In 2026.