Florida votes to raise state’s minimum wage to $15 an hour – By Jacob Pramuk (CNBC) / Nov 4 2020
- Florida approves a ballot initiative to raise its minimum wage to $15 per hour.
- It becomes the eighth state to approve a pay floor of $15.
- At the same time, President Donald Trump is projected to defeat Democrat Joe Biden in the state.
Florida voted Tuesday to gradually hike the state’s minimum wage to $15 per hour, joining a growing list of states and municipalities in taking the step.
The 2020 election ballot initiative garnered the 60% support needed to pass, according to the Associated Press. Florida becomes the eighth state to approve a $15-an-hour minimum wage, and the second most populous to do so.
The measure would increase the state’s current $8.56-an-hour pay floor to $10 next year. For every year after that, the minimum wage would rise by $1 an hour until it hits $15 in 2026.
Labor advocates have long argued to raise minimum pay to what they call a living wage. The movement has gained traction across the country: the House passed a federal $15 per hour minimum wage last year, and Democratic presidential nominee Joe Biden supports the policy, as well.
Continue to article: https://www.cnbc.com/2020/11/04/florida-votes-to-raise-minimum-wage-to-15-in-2020-election.html
