Accounting & Collections
Florida Amendment 2. Raise Minimum Wage
by Steven J Weil, PhD, EA, LCAM
Raises the minimum wage to $10.00 per hour effective September 30th, 2021 and then increases it annually by $1.00 per hour until the minimum wage reaches $15.00 per hour in 2026 and then reverts to being adjusted annually for inflation.
Here’s what the minimum wage increase would look like each year:
$10.00 on September 30, 2021
$11.00 on September 30, 2022
$12.00 on September 30, 2023
$13.00 on September 30, 2024
$14.00 on September 30, 2025
$15.00 on September 30, 2026
Beginning on Sept. 30, 2027, the state’s plan is to have an annual adjustment to the state minimum wage based on increases to the Consumer Price Index for Urban Wage Earners and Clerical Workers.
2021 Minimum Wage by State
View this page for a complete list for each State.