Florida Minimum Wage Increases in 2012
The new year will ring in a new raise for Florida workers who make minimum wage.Minimum wage will be rising by 36 cents to $7.67 per hour starting Jan.1. It’s about a five-percent increase.The increase will be approximately $14.40 to the paychecks of workers who put in 40 hours per week or about $750 extra a year. About 250,000 workers in Florida earn the minimum wage, mostly at restaurants, bars, and retail stores.For tipped employees, businesses will be required to pay $4.65 an hour.The last minimum wage increase was in June when the rate rose by six cents an hour. The rate increase in June came after the state decreased the minimum wage in 2010.Florida’s minimum wage increases are based on cost of living increases.