October 23, 2020

New coalition of Florida businesses backs Amendment 2 to raise minimum wage to $15 [Orlando Sentinel]

Caroline Glenn writes:

"The debate over raising Florida’s minimum wage has largely pitted employers, who argue it would be too costly, against workers, who say they can’t live off the current $8.56 an hour. A newly formed coalition of Florida businesses that back Amendment 2 wants to change that narrative.


One recent study from the Florida Policy Institute, an Orlando-based, left-leaning think tank, estimates the passage of Amendment 2 would bring 1.3 million households out of poverty, which includes individuals who make less than $12,760 a year and some families earning less than $21,720. In all, FPI says 2.5 million part-time and full-time workers would see their pay improve under the proposal.

That study also found the increase would narrow wage gaps for women, who earn 85 cents for every dollar men are paid, and people of color, who make 60 cents for every dollar a white man makes. FPI estimated that 36% of the state’s Black workers and 34% of its Hispanic workers would see pay increases, as well as about one-third of women."


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