The current minimum wage, effective September 30, 2023, stands at $12.00 per hour in Florida, with the required cash wage for tipped employees set at $8.98. This adjustment reflects ongoing efforts to ensure fair compensation for workers statewide. Employers are required to prominently display the current minimum wage within their business premises to promote transparency and awareness among employees.
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Looking ahead, the trajectory of minimum wage increases in Florida remains clear, with annual adjustments scheduled until 2028. By adhering to this schedule, the minimum wage is set to rise by $1.00 each year until reaching $17.00 by 2028. This structured approach underscores a commitment to gradually enhance wage standards, recognizing the crucial role of fair compensation in supporting livelihoods and fostering economic stability for Florida's workforce.
Minimum Wage Florida Upcoming Years
As per the offical reports, these are the minimum wages Florida listed for the upcoming years
Statewide Minimum Wage Notification
On November 3, 2020, Florida voters overwhelmingly passed Amendment 2, a pivotal decision that amended the state's constitution to gradually elevate the minimum wage to $15 an hour by the year 2026. This historic mandate marked a significant step forward in addressing income disparities and ensuring fair compensation for Florida's workforce. As a result of this amendment, a clear roadmap was established for the incremental increase of the minimum wage, with regular updates to be implemented to reflect the evolving economic landscape.
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Effective September 30, 2023, the minimum hourly wage in Florida took its first notable stride, reaching $12.00. This initial adjustment heralded a series of planned increments designed to steadily elevate wage standards across the state. Furthermore, it's essential to note the provisions regarding tipped employees. Florida employers are permitted to take a tip credit of up to $3.02 per hour for tipped employees, thereby adjusting the minimum hourly cash wage rate accordingly. Beginning September 30, 2023, the minimum hourly cash wage rate for eligible tipped employees stands at $8.98.
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