Minimum Wage Goes Up Tomorrow
As of tomorrow, Florida's minimum wage will be $6.79 per hour, up 12 cents from the current wage. Tipped employees are seeing a greater percentage increase; their base hourly pay is also increasing 12 cents, to $3.77.
Florida voters approved a state minimum wage in November 2004. The state minimum wage supersedes the federal minimum wage of $5.85. The federal minimum wage is set to increase to $6.55 in July.As we mentioned a while back, this likely won't affect restaurant prices too much, as most businesses are already paying more than this, but it'll be interesting to see if there are some significant increases attributed to the new minimum wage.The new state wage is based on an annual consumer price adjustment. The increase for 2008 is significantly less than the 27-cent, or 4.2 percent, increase for 2007.
Florida's minimum wage increases to $6.79/hour [News-Press]
Lawmakers Increase State Minimum Wage, Restaurateurs Yawn [MP: South Florida]
