September 30, 2021

Statement from Florida Policy Institute on Minimum Wage Increase

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.
More than one in four Sunshine State residents will benefit under the $15-per-hour minimum wage after it’s fully implemented in 2026, including as many as 646,000 Floridians who should see their wages increase during the initial phase-in to $10 per hour. This will help lift households out of poverty and reduce pay inequities long experienced by women, people of color, and immigrants.

We also estimate that Florida will see about $577 million in new sales tax revenue by 2026 — upwards of $36 million in this first phase-in alone — that can be invested in affordable health care, job training programs, and other crucial areas of the budget.

However, there is still work to be done in terms of enforcing the minimum wage. After Florida saw an increase in the minimum wage in 2005, the rate of minimum wage violations doubled within two years, according to a joint report by Florida Policy Institute and Rutgers University’s Center for Innovation in Worker Organization. This same analysis found that the minimum wage has been largely unenforced in Florida for over a decade.

Florida policymakers can ensure that working Floridians are being paid what they’re owed and safeguard the revenue gains expected from the minimum wage hike by reintroducing a State Department of Labor equipped with the resources and resolve needed to enforce this new wage and other wage laws.

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Enforcing the Minimum Wage

Statewide wage theft threatens the potential gains of Amendment 2

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