calculation is based on wage data for hundreds of occupations across Floridas 67 counties 2021, s. 2, ch. 2021 Florida The minimum wage is adjusted annually based on a set formula. The primary opposition to raising Floridas minimum wage comes from the Florida Restaurant and Lodging Association. From 2019 through 2030, the minimum wage will increase annually on a set schedule, provided the unemployment rate in the preceding year does not exceed 8.5%. "Its very much that we dont know what the result will be, other than the people who remain employed will be pocketing more money., Amendment 1: The Citizenship Requirement to Vote in Florida Elections Amendment, Amendment 3: The All Voters Vote in Primary Elections, Amendment 4: The Voter Approval of Constitutional Amendments. 1 The overtime premium rate is one and one-half times the employee's regular rate, unless otherwise specified. Effective July 1, 2024, there will be a uniform minimum wage of $12.00 per hour for all employees. PublishedSeptember 17, 2020 at 11:40 AM EDT, Nationally, the minimum wage is $7.25 an hour, Florida, the minimum wage is $8.56 an hour. On November Some states require workers who work over a certain number of daily hours to be eligible for this overtime rate as well (Florida law does not specify a daily overtime limit). Among those paid by the hour, 181,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. Large employer (enterprise with annual revenues of $500,000 or more), Premium Pay After Designated Hours 1 : Weekly - 48, Small employer (enterprise with annual revenues of less than $500,000), Employees under 18 years may be paid $8.63 per hour, Premium Pay After Designated Hours 2 : Weekly - 40. Then, this amount is multiplied by the total number of work hour requirement rendered. Employees entitled to greater rights or benefits who were hired prior to January 26, 2017 shall maintain said rights or benefits. on Premium Pay After Designated Hours 1 : Weekly - 40, 7th day. If the highest federal minimum wage is increased in excess of the State minimum wage in effect, then the State minimum wage will increase to the same amount, effective on the same date as the increase in the federal minimum wage. Florida Employers operating a factory, mercantile establishment, hotel, restaurant, freight/passenger elevator, or theater; or a building employing security guards, janitors, superintendents, managers, engineers, or firemen must provide 24 hours of consecutive rest each week. View minimum wage rates through 2023. @media only screen and (min-width: 0px){.agency-nav-container.nav-is-open {overflow-y: unset!important;}} minimum wage Thus, employers would be permitted to require or allow tipped employees to participate in tip pooling arrangements. X, Sec. The $7.25 federal minimum wage is used in just 21 states, which collectively account for about 40% of all U.S. wage and salary workers. WebWhat is the minimum wage? WebCharacteristics of minimum wage workers, 2021.
