Florida voters may boost minimum wage to $15 an hour
Source: CBS News
Voters in Florida, a key electoral prize in Tuesday's presidential election, are also weighing in on a proposal to raise the state's hourly minimum wage to $15 by 2026.
If approved, Florida would become the eighth state in the U.S. to set its baseline pay at $15 an hour, according to the National Conference of State Legislatures. The federal minimum wage of $7.25 an hour hasn't budged since 2009, the longest period of time without an increase since it was passed in 1938 as part of the landmark Fair Labor Standards Act.
Amendment 2 in Florida, as the ballot measure is known, would boost the state's current minimum of $8.56 an hour to $10 in September of 2021, then increase it by a dollar per year through 2026. Starting in 2027, yearly increases would be based on consumer prices.
(snip)
Business groups oppose the amendment, arguing it would hurt employers in a state whose economy has been battered by the pandemic. The Florida Restaurant & Lodging Association said the measure would lead to an estimated 158,000 job losses across the state, while the Florida Chamber of Commerce estimates job losses as high as 500,000.
Read more: https://www.cbsnews.com/news/minimum-wage-florida-15-an-hour/
= new reply since forum marked as read
