Minimum Wage Florida 2024 Impact Report

Minimum Wage Florida 2024 Impact Report. The florida minimum wage is scheduled to increase by $1.00 every year until it reaches $15.00 per hour in 2026. Beginning september 30, 2023, the minimum wage will increase to $12 per hour, following a.

Maria ilcheva, the assistant director of the metropolitan center at florida international university, said the increase is isn’t enough for households to survive, especially in south florida. The florida office of economic and demographic research analyzed the impact a minimum wage boost would have on government budgets.