what is florida's minimum wage
Florida law requires a new minimum wage calculation each year on September 30, based on the Consumer Price Index. If that calculation is higher than the federal rate, the stateâs rate then would take effect the following January. Floridaâs minimum wage is currently $7.93 per hour, effective January 1, 2014. According to our discussions with state officials, beginning January 1, 2015, Floridaâs minimum wage will be $8.05 per hour, which is a 1.54 percent (or $0.12) increase from the current year.