Florida recently announced the new minimum wage for overtime
eligible workers in the state. Each year on September 30, the
Florida Department of Economic Opportunity adjusts the state's
minimum wage based on the increase in the Consumer Price Index for
the South Region of the United States. The new minimum wage becomes
effective on January 1, 2020.
Florida's minimum wage will increase by a dime, from $8.46
per hour to $8.56 per hour (a 1.12% increase) at
the start of the new year. Employees covered by the Tip Credit must
receive $5.54 per hour (i.e. the new minimum wage minus the current
$3.02 tip credit) plus their tips.
Florida employers will also need to change their minimum wage posters to reflect this
new change.