Florida voters are weighing whether or not to extend the minimal wage. On the poll in Florida is Modification 2, which might improve the state’s
Florida voters are weighing whether or not to extend the minimal wage.
On the poll in Florida is Modification 2, which might improve the state’s minimal wage from the present $8.56 to $15 by September 30, 2026. The change could be incremental, with employers being requested to extend wages, primarily, by $1 a 12 months.
The transfer towards a $15 minimal wage has gained steam throughout the nation lately and is now a part of the Democratic Occasion’s platform. At the moment, the federal minimal wage stays at simply $7.25, however 29 states — together with Florida — and Washington, DC, have the next ground.
If Florida votes sure on Modification 2, it will be the primary state within the South and the eighth state within the nation to maneuver to $15. In line with Battle for $15, a bunch that advocates on behalf of a $15 minimal wage, Virginia is the one Southern state that has elevated its minimal wage not too long ago, however to $12, not $15. The left-leaning Florida Coverage Institute estimates that Modification 2 would lead to a wage improve for two.5 million employees in Florida.
The dialog behind a $15 minimal wage is difficult, as a result of whereas it will clearly result in folks being paid extra, some enterprise house owners and politicians fear that it might price jobs or lead to greater prices for customers. A 2019 research from the Congressional Price range Workplace estimated {that a} federal $15 minimal wage would elevate 1.Three million folks out of poverty but in addition price the identical quantity of jobs. (Different financial research have advised the job loss danger will not be that massive.)
One of many issues with projecting what the impression of a $15 minimal wage will probably be is that not sufficient locations have carried out it to see its penalties in apply. If Florida passes Modification 2, it will likely be one other case research.
Florida Modification 2
A sure vote means Florida’s minimal wage will attain $15 by September 2026.
A no vote means Florida’s primary wage will stay at $8.56.