Florida is one of the states with a higher minimum wage than the federal minimum wage of $7.50 and in September it will increase even more. Here are the details.
This 2024 marks the 15th anniversary of the last federal minimum wage increase. In 2009, the $7.25 per hour wage went into effect, which has remained in place to date. However, in some states, including Florida, higher hourly wages have been established.
Some states have legislation that establishes automatic annual increases, while others link their increases to inflation so as not to affect the purchasing power of their workers.
Some states apply their increases at the beginning of each year, while others do so in July, and in the case of Florida, a new increase takes effect in September.
How much will Florida’s minimum wage increase in September?
On November 3, 2020, Florida voters approved a state constitutional amendment for the state’s minimum wage to increase annually until it reaches $15 per hour on September 30, 2026.
Thanks to citizens voting in favor of the proposal, Amendment 2, passed by the state legislature, has allowed for a gradual increase in the minimum wage, including an increase for this 2024.
Effective September 30, the standard minimum wage in Florida will rise from $12 to $13 per hour and to $9.98 for tipped employees.
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Here’s how Florida’s minimum wage will increase over the next few years
By 2025, the benchmark wage will increase to $14 per hour and $10.98 for tipped employees. On the other hand, in 2026, the minimum wage will increase to $15 and $11.98 for tipped employees.
Although the amendment only establishes increases of one dollar until reaching $15 per hour in 2026, it also states that subsequent increases will be based on changes in the Consumer Price Index so as not to affect the purchasing power of workers.