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There are legal minimum wages set by the federal government and the state government of florida.
Minimum wage in texas per month. Florida amendment 5 of 2004 approved by a. Amendment 2 in florida as the ballot measure is known would boost the states current minimum of 856 an hour to 10 in september of 2021 then increase it by a dollar per year through 2026. The florida minimum wage was 793 per hour in 2014 779 per hour in 2013 and 767 per hour in 2012.
The tipped wage is 554 per hour. Raising the minimum wage to 15 an hour will increase the income of a quarter of floridas workforce according to the florida policy institute. Florida last voted on a minimum wage ballot measure in 2004.
Florida voted tuesday to raise the states minimum wage to 15 an hour in steps by 2026. The federal minimum wage is 725 per hour and the florida state minimum wage is 856 per hour. Beginning on september 30 2027 there would be an annual adjustment to the state minimum wage based on increases to the consumer price index for urban wage earners and clerical workers cpi w.
In 2018 the top 1 of floridians had an average annual income of 154 million 897 times that of full time minimum wage workers or 395 times the average income of 39094. The florida minimum wage was raised to 805 per hour on january 1 2015 and remained the same for 2016. Floridas minimum wage rate is modified annually based upon an inflation and cost of living formula.
With 98 percent of precincts reporting more than 61 percent of voters approved the legislation which. The florida minimum wage is the lowermost hourly rate that any employee in florida can expect by law.
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