How Much Is Minimum Wage In Florida Per Year, The 15 Minimum Wage What Does It Mean For Florida Sarasota Your Observer

The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family.

Seattle minimum wage 2020 effects. Living wage calculation for florida. Florida voters last approved a minimum wage increase in 2004 when they voted to raise it to 615 per hour. Labor law and a range of state and local laws.

1 2020 floridas minimum wage will go up to 856 per hour. The assumption is the sole provider is working full time 2080 hours per year. Earning floridas minimum wage does not lift families out of poverty although higher than the federally mandated minimum wage of 725 per hour and indexed to infla tion floridas minimum wage of 805 is still not high enough to lift many families with a parent working full time out of poverty.

The florida minimum wage is the lowermost hourly rate that any employee in florida can expect by law. A 2004 florida ballot initiative known as the florida minimum wage amendment approved a constitutional amendment that increases the states minimum wage rate every year based on inflation. The current minimum wage is 856 thanks to inflation adjustments included in the 2004 referendum but progressive advocates say that still falls far short of a living wage especially in parts of the state where housing and other basic costs of living have risen rapidly.

Tables 1 and 2 show the. The minimum wage in florida will be raised. There are legal minimum wages set by the federal government and the state government of florida.

The federal minimum wage is 725 per hour and the florida state minimum wage is 856 per hour. The states minimum wage is 846 per hour and 544 per hour for tipped employees and starting next year itll go up 10 cents. A full time minimum wage worker in florida working 40 hours a week 52 weeks a year will earn 6848 per day 34240 per week and 1780480 per year 1.

As of january 2020 there were 29 states and dc with a minimum wage higher than the federal minimum. Employers generally have to pay workers the highest minimum wage prescribed by federal state and local law. The ballot summary stated the state minimum wage will start at 615 per hour six months after enactment and after that be indexed to inflation each.

Florida is one of eight state that automatically increases minimum wage rates based on the annual cost of living calculations. The minimum wage in the united states is set by us. Since july 24 2009 the federal minimum wage is 725 per hour.