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September 30, 2021

First of six annual minimum wage increases goes into effect

Anne Geggis writes:

"The new minimum wage for non-tipped workers will be $10 an hour.

Minimum wage workers are getting a 15% raise Thursday when Amendment 2 begins taking effect.

The measure, which voters passed in November 2020 to eventually raise the minimum wage to $15 an hour, raises the state’s minimum wage from $8.65 per hour to $10; then boosts it by $1 each year until 2026.

...

The Florida Policy Institute [emphases added] estimates, however, the minimum wage hike will benefit more than one in four Florida residents by the time it’s fully implemented in 2026.

'As many as 646,000 Floridians … should see their wages increase during the initial phase-in to $10 per hour,' said Sadaf Knight, CEO of the Florida Policy Institute [emphases added], a nonpartisan, nonprofit whose mission is to improve economic mobility. “This will help lift households out of poverty and reduce pay inequities long experienced by women, people of color, and immigrants."

Read more at floridapolitics.com

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