September 29, 2021

Florida business owners say minimum wage increase will boost consumer spending, economy

Cat Ulrich writes:

"Florida’s minimum wage increased from $8.65 to $10 per hour on Sept. 30 as the first step under the $15 ballot initiative Amendment 2, which Florida voters passed last fall. Many business owners applaud the raise, saying it will benefit businesses and the economy. Florida’s minimum wage will increase again, starting in 2022, by $1 per year until it reaches $15 in 2026.


Florida Policy Institute [emphases added] released the following statement from CEO Sadaf Knight regarding the minimum wage increase effective Sept. 30, 2021:

'The passage of Amendment 2 back in November was a victory for working Floridians, and as we find ourselves at this first increase in a series of gradual hikes to the minimum wage, we are reminded once again that Florida voters broadly support fairer pay and want to see their communities thrive.'"


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