Florida Minimum Wage Increase 2024 July

Florida Minimum Wage Increase 2024 July. On november 3, 2020, florida voters approved a state constitutional amendment to gradually increase the state's minimum wage each year. Beginning july 1, 2024, hces must be paid at least $844 per week on a salary basis with a total annual compensation equal to or exceeding $132,964 per year, and by jan.

The florida minimum wage is scheduled to increase by $1.00 every september 30th until reaching $15.00 on september 30, 2026. Two states, the district of columbia, and many local jurisdictions will increase their minimum wage rates on july.