Minimum Wage Florida 2024 Projections

Minimum Wage Florida 2024 Projections. Premium pay after designated hours 1 : “first, the state minimum wage, which florida’s 2020 voters opted to boost via a constitutional amendment, is increasing each year until it reaches $15 in 2026.

Many states have either scheduled increases into minimum wage laws or have pegged them to inflation, triggering automatic bumps in their minimum wage rates. The $1.00 increase will occur every year after september 30 until 2026.