Florida Voters Approve Minimum Wage Increase
The Future of Florida's Minimum Wage
In passing Amendment 2, Florida has become the only state in the union to have a constitutionally mandated minimum wage. The measure was narrowly approved by Florida voters on November 3, 2020, barely clearing the 60% threshold required to alter the state’s constitution. While the Florida Apartment Association’s Legislative Committee and the association as a whole did not take a position on the amendment, it is important for members to take note of the forthcoming changes to Florida’s minimum wage.
Beginning September 30, 2021, the minimum wage will increase to $10.00 per hour. Going forward, Florida's minimum wage will increase by an additional $1.00 per hour annually until the minimum wage reaches $15.00 per hour on September 30, 2027. Following this gradual, six-year phase in, the Agency for Workforce Innovation will make annual adjustments to the state minimum wage based on increases to the Consumer Price Index for Urban Wage Earners and Clerical Workers. It is worth noting that there is no mechanism within the amendment language for a decrease in the state's minimum wage in the future.
Please click here for an informational article titled, 5 Things Florida Employers Need To Know About Vote To Increase Minimum Wage, by Fisher Phillips LLP.