Florida slated for another minimum wage increase

Lazaro Aleman ECB Publishing, Inc. Effective Sept. 30, Florida’s minimum wage will go up one dollar, from the current hourly rate of $12 to $13, part of a constitutional amendment approved by the state’s voters in 2020. The amendment requires that Florida’s minimum wage be increased by a dollar on Sept. 30 of each year until reaching the goal of $15 hourly in 2026. At the time of the initiative, the minimum rate was $8.65 hourly, which leapt to $10 hourly in 2021. Prior to 2021, the last amendment to the minimum wage had been in 2008, when it was raised by $4.44, from $4.21 hourly to $8.65. As required by the amendment, the minimum wage is scheduled to go up to $14 hourly in 2025