What Is Minimum Wage In Florida 2024 Rate Increase

What Is Minimum Wage In Florida 2024 Rate Increase. Every year after that, the minimum wage would rise by $1 an hour until it hits $15 in 2026. Effective september 30, 2023, the minimum wage in florida increases to $12.00 an hour, and the required cash wage for tipped employees increases to $8.98.

The minimum wage is adjusted annually based on a set formula. It’s scheduled to increase to $15.00 per hour by 2026 based on the florida voters proposal called amendment 2.