Florida minimum wage is expected to increase a dollar on Tuesday, from $ 13 to $ 14 an hour. The bump is part of a series of additional increases approved by voters in 2020 under modification 2. In 2022, the minimum state wage increased by $ 1 each year and should reach $ 15 per hour in September 2026. More money, they also come with challenges. “Florida is no longer a cheap state in which to live, and many of that has to do with the price of real estate and the price you have to pay the workers,” said Jones. This state, ”he said, national, the minimum wage traces of Florida behind some of the highest in the country. Washington, DC, leads with $ 17.95 an hour, followed by Washington State at $ 16.66, and California and New York at $ 16.50. Jones thinks that Florida’s salary will eventually exceed $ 15 an hour, but says it will take time. He encourages workers to continue training and additional skills to help them go beyond the original increases.
Florida minimum wage is expected to increase a dollar on Tuesday, from $ 13 to $ 14 an hour.
The bump is part of a series of progressive increase approved by voters in 2020 under amendment 2.
Since 2022, the minimum state wage has increased by $ 1 each year and is expected to reach $ 15 per hour in September 2026. Workers earning a minimum wage and working 40 hours per week will see an additional $ 2080 per year compared to this year’s increase.
Chris Jones, president of Florida Economic Advisors, said that if the increases help workers to report more money, they are also with challenges.
“Florida is no longer a cheap state in which to live, and that has a lot to do with the price of real estate and the price you have to pay the workers,” said Jones.
Jones noted that higher wages can encourage companies to explore alternatives, such as automation, and contribute to a higher overall cost of living.
“It is an effect of chicken and egg that works in both directions. Because when you increase the minimum wage, it becomes more expensive to live in this state,” he said.
Nationally, the minimum wage traces of Florida behind some of the highest in the country. Washington, DC, leads with $ 17.95 an hour, followed by Washington State at $ 16.66, and California and New York at $ 16.50.
Jones thinks that Florida’s salary will eventually exceed $ 15 an hour, but says it will take time. He encourages workers to pursue additional training and skills to help them go beyond the government’s increases.
The last increase provided for as part of modification 2 will take effect on September 30, 2026, which increases the salary to $ 15 per hour.
