Minimum Wage Florida 2024 Impact Fund. 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. In 2024, florida's minimum wage will rise to $13.00 per hour, effective september 30.
The law calls for annual increases, ranging from $18 to $25 per hour, with healthcare facilities expected to reach a $25 per hour minimum wage by june 1, 2028, or, for some in rural locations. 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.
That Report Estimates Governments Would Have To Pay $16 Million More In Wages In 2022.
It will go up to $15 in the next three years.
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 September 2026.
Adjustments also take into account inflation and living costs, ensuring the wage remains economically relevant.
The Increase Is The Result Of A Constitutional Amendment Approved By Voters In 2020 To Gradually Raise The Sunshine State’s.
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The Florida Office Of Economic And Demographic Research Analyzed The Impact A Minimum Wage Boost Would Have On Government Budgets.
Here's when the minimum wage increase is set to happen and for how much.
This Legislation Introduces Several Pivotal Provisions That Employers Must Be Aware Of To Ensure Compliance And Avoid Potential Legal Pitfalls.
Release table for 2024, release tables:
The Current Minimum Wage In Florida Is $12 An Hour, So The Tipped Minimum Wage Is $8.98.
