New Florida minimum wage: This is what workers will earn in 2025 under Trump's Presidency
Since 2025, the state of Florida will increase their minimum wage for all workers due to an amendment voted in 2020.
On January 1st, the state of Florida will make an adjustment on their minimum wage per hour, with the objective to mitigate the economic effects of higher inflation. This will benefit about 9.2 million people across the United States. Although the federal minimum wage is $7.25 dollars per hour, several states have reach increases that exceed this amount.
According to a report by Economic Policy Institute (EPI), 20% of the 9.2 million employees would benefit on this issue who live in poor housing conditions, while other percentage have low poverty incomes. In Florida state, the minimum wage has increase annually since 2020.
This is the new minimum wage per hour in Florida in 2025
On the 2020 election, a constitutional amendment was passed by ballot where minimum wage would be raised each year with the goal of reaching $15 dollar per hour.
On September 30, Florida's minimum wage increased to $13 per hour. While other states will see wage hikes starting January 1, Florida's next adjustment will occur on September 30, raising the hourly wage to $14 as part of its gradual plan. The final goal is to reach $15 per hour by 2026.
From 2027 onward, the state's minimum wage will be annually adjusted for inflation. According to FloridaCommerce, employers are prohibited from retaliating against workers who assert their right to receive the mandated minimum wage established in the 2020 amendment.
Additionally, the minimum wage for tipped employees will also increase by $1, reaching $10.98 per hour.
In comparison, CBS News highlights that Florida's minimum wage remains lower than other regions, such as Washington, D.C. ($17.50 per hour), California ($16 per hour), and New York ($16 per hour in New York City, Long Island, and Westchester; $15 per hour in other parts of the state).
Reactions from labour and business sectors
The increase of minimum wage has received mixed reactions. Worker organizations and defenders of workers’ rights argue that the action is necessary to reduce inequality and improve the economic conditions of low-wage employees. However, some Chamber of Commerce and small businessman have expressed some worries about the financial impact it might have on local business, especially those who operate on sim profit margins.
According to the Florida Department of Economic Opportunity said it will continue monitoring the effects of increase on minimum wage in work and state economic development.