What Is Minimum Wage In Florida 2024 Increase. Let’s look at what this means for florida workers. It’s scheduled to increase to $15.00 per hour by 2026 based on the florida voters proposal called amendment 2 (2020).
Employers with fewer than 15 employees and earning less than $2 million in annual revenue are subject to the state minimum wage. The increase is due to a 2020 initiative, known as amendment 2, which was approved with 61% of voters in favor and 39% of voters opposed.the amendment was designed to raise the state’s minimum wage, which was $8.56 in 2020,.
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