Minimum Wage In Florida Per Year, What You Need To Know About Amendment 2 Raising Florida S Minimum Wage Wgcu Pbs Npr For Southwest Florida

The federal minimum wage is 725 per hour and the florida state minimum wage is 856 per hour.

Minimum wage california 2020 waitress. 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. 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. On january 1 2020 floridas minimum wage increased from 846 to 856 010.

William even miami university and dr. This change means tipped workers must be paid 554 per hour and earn at least 302 in tip credits for their employers to abide legally by the minimum wage increase. The median salary is 109000 usd per year which means that half 50 of the population are earning less than 109000 usd while the other half are earning more than 109000 usd.

The amendment which needed 60 of the vote to pass is set to increase the states minimum wage to 15 per hour by 2026. Salaries in florida range from 28100 usd per year minimum salary to 496000 usd per year maximum average salary actual maximum is higher. 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.

There are legal minimum wages set by the federal government and the state government of florida. Currently the minimum wage in florida is 856 thanks to voters. 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.

Floridas minimum wage of 846 or 17600 per year for a full time employee is not a livable wage for many of the 200000 hard working floridians that earn it especially those working to support a family. Florida voters last approved a minimum wage increase in 2004 when they voted to raise it to 615 per hour. Florida minimum wage 2020.

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. The florida minimum wage is the lowermost hourly rate that any employee in florida can expect by law. Florida projected to lose 158000 jobs due to proposed amendment 2 last week economists dr.