Florida Minimum Wage Deo, Tampa Bay S Job Market Is Booming But Wages Lag Wusf Public Media

Miami newsnation now florida voters have approved a measure raising the states minimum wage to 15 an hour over the next six yearsa supermajority of florida voters approved the amendment to the florida constitution that will raise floridas minimum wage from the current 856 an hour to 15 an hour by 2026.

What is minimum wage ny 2020. On october 16 2019 the florida department of economic opportunity deo announced that effective january 1 2020 the minimum wage in the state of florida will increase by 010 from 846 per hour to 856. The occupational employment statistics and wages oes program produces employment and wage estimates for over 800 occupations. Floridas state minimum wage rate is 856 per hourthis is greater than the federal minimum wage of 725.

Florida narrowly passed a 15 minimum wage hike on tuesday with 608 of voters approving the issue thats expected to raise wages for 25 million residents. The 2021 florida minimum wage is 865 per hour effective january 1 2021. The annual calculation is based on the percentage increase in the federal consumer price index for urban wage earners and clerical workers in the south region.

The minimum wage applies to most employees in florida with limited exceptions including tipped employees some student workers and other exempt occupations. The oes estimates are not designed to be a comparison of two or more points in time. Amendment 2 will effectively raise the states minimum wage to 1000 per hour by september 30 2021 and then increases it annually by 100 per.

The deo uses the consumer price index cpi to determine the annual cost of living in florida. The florida minimum wage was last changed in 2008 when it was raised. Florida law requires the florida department of economic opportunity to calculate a minimum wage rate each year.

A florida ballot initiative that will gradually raise the states minimum wage to 15 per hour is projected to pass according to the associated press. Floridas minimum wage is currently 856 an hour. Florida statute requires that every year the department of economic opportunity deo specifies the states minimum wage rate.

On october 15 2018 the florida department of economic opportunity deo announced that effective january 1 2019 the minimum wage in the state of florida will increase by 021 from 825 per hour to 846. Lufkin florida minimum wage increase effective january 1 2020. Thanks to an amendment to the state constitution the wage floor in the state will rise 1 per year until it hits 15 in 2026.