From that point forward, future Earning Florida’s minimum wage does not lift families out of poverty Although higher than the federally mandated minimum wage of $7.25 per hour and indexed to infla-tion, Florida’s minimum wage of $8.05 is still not high enough to lift many families with a parent working full … Each September 30th thereafter, minimum wage shall increase by $1.00 per hour until the minimum wage reaches $15.00 per hour on September 30th, 2026. Overtime pay, also called "time and a half pay", is one and a half times an employee's normal hourly wage. Minimum wage, primary system among issues being voted on in Florida November 03, 2020. Raising Florida's Minimum Wage Additional Information . approved a constitutional amendment that will raise the state minimum wage rate each year until it reaches $15 per hour in 2026. FIEC Letter in Response to Court Order [pdf] August 12, 2019. On Nov. 3, 2020, voters in Florida . Raising Florida’s Minimum Wage Ballot Language: “Raises minimum wage to $10.00 per hour effective September 30th, 2021. Florida voters decide whether to raise minimum wage to $15 November 03, 2020. Florida’s Minimum Wage (Updated October 15, 2020) The 2021 Florida minimum wage is $8.65 per hour, effective January 1, 2021. The annual calculation is based on the percentage increase in the federal Consumer Price Index for Urban Wage Earners and Clerical Workers in the South Region for the 12-month period prior to September 1, 2020. Florida law requires the Florida Department of Economic Opportunity to calculate a minimum wage rate each year. Therefore, Florida's overtime minimum wage is $12.84 per hour, one and a half times the regular Florida minimum wage of $8.56 per hour. Click on the link for the minimum wage poster (large color, small color, large black and white, or small black and white) and wait for it to load into the viewer. Even researchers who support a higher minimum wage have acknowledged the need for regional differentiation: A 2014 Brookings Institution paper proposed setting the minimum wage at half of the relevant local median wage.10 In Florida, this would suggest a statewide minimum wage of roughly $8.60—consistent with the state’s current minimum wage.11 Florida is one of eight state that automatically increases minimum wage rates based on the annual cost of living calculations. The file is only available in PDF format. Minimum Wage In The News **PRESS RELEASE** SMALL BUSINESSES, WORKERS WORRY ABOUT MOUNTING JOB LOSSES WITH BALLOT AMENDMENT 2’S PASSAGE November 04, 2020. In order to view and/or print PDF documents you must have a PDF viewer (e.g., Adobe Acrobat Reader v5 or later) available on your workstation. Supreme Court Order [pdf] - August 1, 2019. See also: Ballot language and constitutional changes. Beginning in 2027, the state minimum wage rate will be adjusted The annual calculation is based on the percentage increase in the federal Consumer Notice of Conference [pdf] - August 8, 2019. Amendment 2 was designed to increase the state minimum wage from $8.56 in 2020 to $15.00 in 2026. Florida law requires the Florida Department of Economic Opportunity to calculate a minimum wage rate each year. Transmittal Letters with Financial Information Statement [pdf] - April 22, 2019. Each September 30th thereafter, minimum wage shall increase by $1.00 per hour until the minimum wage reaches $15.00 per hour on September 30th, 2026. How did Amendment 2 change the minimum wage in Florida? As of 2020, all Florida employees (excluding tipped) must be paid no less than $8.56 per hour. 2020 FLORIDA AMENDMENT GUIDE | 7 AMENDMENT 2 Raising Florida’s Minimum Wage Ballot Language: “Raises minimum wage to $10.00 per hour effective September 30th, 2021. 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