When will the next minimum wage increase be in Florida?
A ballot initiative in 2020 started Florida raising its minimum wage every year until it reaches $15 per hour. Thereafter, it will increase with inflation.
This year, the minimum wage in Florida recorded its third increase of $1 dollar since, in November 2020, the state’s voters approved an amendment to the state constitutional so that the base salary would increase over time to give the state’s lowest paid employees more purchasing power to meet the rising cost of living. Meanwhile the national minimum wage has remained unchanged at $7.25 since 2009.
In 2021, the minimum wage in the ‘Sunshine State’ increased to $10, while the following year it increased to $11.
This year, on September 30, the standard minimum hourly wage increased to $12 per hour. For tipped employees, the minimum wage increased from $7.98 per hour to $8.98 per hour. However, there are more increases scheduled.
When will the next minimum wage increase be in Florida?
Thanks to Amendment 2, the minimum wage in Florida will increase annually until it reaches $15 per hour in 2026.
The amendment establishes regular increases of $1 through 2026, so by September 2024, the standard minimum wage will rise to $13 and $9.98 for tipped employees.
By 2025, the minimum wage in the state will be $14 and $10.98 for tipped employees, while in 2026, the wage will finally reach $15 per hour and $11.98 for tipped employees.
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The $15 per hour minimum wage will be in effect until December 31, 2027, but the increases don’t stop there. Starting in 2028, the minimum wage increase will transition to indexed increases based on inflation with the goal of not affecting the purchasing power of Florida workers.
These are the states that will increase their minimum wage in 2024
Florida is not the only state with minimum wage increases scheduled for next year. These states are also expected to increase minimum hourly pay in 2024:
Here are more details about the dates on which the minimum wage will increase in these states across the country in 2024.
Some of these states have legislation that establishes automatic increases at the beginning of the year or in other months, while other states link the increases to changes in the cost of living.