Florida’s Increase in Minimum Wage

On September 30th, 2021, the minimum wage in Florida was moved to $10.00 per hour. This law was passed in Amendment 2 that was voted on November 3rd, 2020. Per this amendment, the minimum wage will increase in increments of $1.00 every year until it reaches $15.00 per hour in the year 2026.

·       Sept. 30th, 2021 – Minimum $10 per hour ($6.98 tip-based)

·       Sept. 30th, 2022 – Minimum $11 per hour ($7.98 tip-based)

·       Sept. 30th, 2023 – Minimum $12 per hour ($8.98 tip-based)

·       Sept. 30th, 2024 – Minimum $13 per hour ($9.98 tip-based)

·       Sept. 30th, 2025 – Minimum $14 per hour ($10.98 tip-based)

·       Sept. 30th, 2026 – Minimum $15 per hour ($11.98 tip-based)

Please make sure that you are in compliance with your payroll company on these new wage rules. If you would like to review how this might affect your business in the future, please feel free to contact us.