May 16, 2019

$15 Minimum Wage: States Raise Their Expectations

The Capitolist recently looked into a citizen’s initiative led by the group Florida For A Fair Wage that would raise the state’s minimum wage to $15/hr. (up from the current rate of $8.46/hr.) if approved by the state’s high court. Under the proposal, Florida’s minimum wage would be raised to $10/hr. by 2021 and would continue to increase by $1 each year until it reaches the $15/hr. goal by 2026.

The initiative has the support of Gov. Ron DeSantis as he hopes to capitalize on Florida’s recent economic momentum that has seen key statewide employment metrics exceed national averages.

“Florida’s economy is strong, but we cannot rest on our laurels,” said DeSantis. “We have to build on our success by keeping taxes low and regulations reasonable, becoming the number one state for career and technical education and making smart investments in our infrastructure and environment. Only then can we ensure every Floridian has the opportunity to achieve economic prosperity.”

The National Federation of Independent Businesses Research Center released a study at the beginning of this year that analyzed the national economic and employment effects of the Raise the Wage Act. You can read the full report by clicking here.

You can access the full article by The Capitolist by clicking here.