Of those, 26 states have announced state minimum wage rate increases that will take place sometime in 2024, the majority of which become effective january 1, 2024. In november 2020, florida voters approved changes to the state’s minimum wage, which will gradually increase from the current $8.65 an hour to $15 an hour by.
Discover the details of the florida minimum wage 2024, including changes, implications for workers, and the economic impact. The minimum wage increased to $12 per hour as of september 30, 2023, and will increase by $1 each september with annual adjustments until it reaches $15 per hour in 2026.
You Can Find A List Of Highest And Lowest Minimum Wage Rates Here.
Florida's minimum wage rate is linked to a consumer price index, which is intended to raise the rate along with inflation.
It’s Scheduled To Increase To $15.00 Per Hour By 2026 Based On The Florida Voters Proposal Called Amendment 2 (2020).
Florida’s normal state minimum wage rate is $13.00 per hour.
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The Florida Minimum Wage Is Scheduled To Increase By $1.00 Every September 30Th Until Reaching $15.00 On September 30, 2026.
Federal and state minimum wage rates, annual.
Basic Minimum Rate Per Hour Is $12.80, Applicable To Employers With Less Than 15 Employees.
However, in 2020 the state of florida passed a constitutional amendment that raised the state’s minimum wage to $10 and hour and raised the rate by $1 per year until 2026, when the state’s minimum.