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The minimum wage has steadily increased since 2020. Florida's minimum wage goes up to $14
Florida's minimum wage increased to $14 per hour for non-tipped employees and $10.98 per hour for tipped employees on Tuesday as part of the voter-approved Amendment 2. This is the next step in a phased plan to reach $15 per hour by Sept. 30, 2026. Sean Snaith, University of Central Florida economist, joins Good Day Orlando to share what impact this change could have.
FLORIDA - On Tuesday, Florida's minimum wage increased to $14 an hour after a voter-approved constitutional amendment passed in 2020. This increase is part of a gradual plan to reach a $15 per hour minimum wage by September 2026.
What was the minimum wage increased to?
By the numbers:
Florida's new minimum wage is $14 per hour for standard workers and $10.98 per hour for tipped employees.
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Workers earning minimum wage and working 40 hours per week will see an additional $2,080 annually from this year’s increase.
The minimum wage was previously $13. This amount has steadily increased by $1 each year since 2020.
Why was the minimum wage increased?
The backstory:
The minimum wage increase is part of a gradual plan to reach a $15 per hour minimum wage by September 2026.
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The increase is part of a voter-approved constitutional amendment passed in 2020 (Amendment 2). This amendment schedules annual increases until the minimum wage reaches $15 per hour in 2026, after which it will be adjusted annually for inflation.
The increase is intended to help low-wage workers cope with rising living costs, such as groceries and rent.
The Source: This story was written based on information gathered from the State of Florida and the Florida Restaurant & Lodging Association.