Florida Governor Ron DeSantis is moving forward with a wage increase plan that will benefit thousands of workers in the state. Although there will be no adjustment in February 2025, the minimum wage will rise to $14 per hour on 30 September as part of the gradual transition set out in Amendment 2, passed in 2020.
This plan will continue until it reaches $15 per hour in 2026, with the aim of improving economic stability for workers and addressing the impact of inflation.
Minimum Wage Increase: A Benefit for Workers in Key Sectors
The wage increase will directly impact employees in industries such as hospitality, retail and food services, where many workers rely on the minimum wage to meet their basic needs. In addition, those who receive tips will also see an adjustment to their base pay, which will rise to $10.98 per hour starting in 2025.
Florida Strengthens its Economic Competitiveness
This adjustment will not only benefit employees, but will also strengthen domestic consumption and boost the local economy. In 2026, Florida will thus join a group of states such as California, New York and Washington, which have already established a minimum wage of USD 15 per hour.
By comparison, the federal minimum wage in the US remains at $7.25, highlighting the importance of this measure in improving the purchasing power of workers in the state.
Employers and employers must comply with this regulation to avoid legal penalties, ensuring that the benefit reaches all workers who depend on this increase. With these changes, Florida continues to establish itself as an attractive state for the workforce, with better wage conditions that contribute to the economic stability of its inhabitants.
Keep up with the most important news of Economic World of Miami in all the platforms of Mundo Ejecutivo and in its social networks.