September 29, 2021

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

This post was last updated on December 8, 2021. As new policies are announced, FPI will update this page.

As Florida’s response to COVID-19 takes front and center, concern grows for low-income families who struggle to take precautions against the spread of the virus. Although Congress has passed the Families First Coronavirus Response Act to address, at least in part,  the public health crisis and economic fallout from COVID-19, many barriers continue to keep struggling families from accessing the assistance they need during the pandemic. As Florida initiates policies implementing the Act and addressing other barriers to the safety net, FPI will update this form. When available, hyperlinks are provided to agency documents or statements that provide greater detail  about the new policy.

On March 22, 2020, FPI and 44 other organizations sent a letter to Governor DeSantis, leadership in the Legislature and agency heads to urge action on 47 specific policy changes to reduce unnecessary barriers for Florida’s safety net programs in response to the COVID-19 pandemic. See the letter here.

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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