Wednesday, December 3, 2014

Florida's Minimum Wage Increases to $8.05 in 2015

Florida's minimum wage will increase to $8.05 on January 1, 2015. The state's minimum wage will increase to $8.05, up 12 cents from $7.93 in 2014. 

The increase will mean that Florida's required minimum wage is nearly $1 more than the federal minimum wage of $7.25.

That's still far below the $10.10 an hour that President Barack Obama called for during his State of the Union address earlier this year.

On September 30th of each year, Florida's Department of Economic Opportunity recalculates the State's minimum wage as required by Florida's minimum wage law found in Section 448 of the Florida Statutes. This calculation is based on the increase in the federal Consumer Price Index for Urban Earners and Clerical Workers in the Southern Region. This minimum wage increase applies to all employees who are covered by the Fair Labor Standards Act.

This information is intended to be educational and should not be considered legal advice on any specific matter.