Minimum Wage Florida 2024 Impact. The next day, on july 23, the country’s annual budget will be presented by finance minister nirmala. Maria ilcheva, the assistant director of the metropolitan center at florida international university, said the increase is isn't enough for households to survive, especially in south florida.
Florida’s minimum wage is currently set at $8.56 per hour, which is higher than the federal minimum wage of $7.25 per hour. It’s a rate that applies to most employees, given it’s higher than the federal minimum of $7.25.
This Increase Is Part Of A Schedule Established By A 2020 Constitutional Amendment, Aiming To Reach A $15.00 Per Hour Minimum Wage By 2026.
Florida’s new minimum wage is more than 50 percent higher than that rate.
At The Time, Florida's Minimum Wage Was Under $10.
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.
The Rise In Florida’s Minimum Wage In 2024 Touches On More Than Just A Shift In The Numbers;
However, significant changes are set to take place in 2024 that will impact both employees and employers in the state.
This Increase Is Part Of A Schedule Established By A 2020 Constitutional Amendment, Aiming To Reach A $15.00 Per Hour Minimum Wage By 2026.
A yes vote supports increasing the state minimum wage to $18 per hour by 2026 for all employers and thereafter adjusting the rate annually by increases to the cost of living.