Florida’s Minimum Wage is on the Rise Once Again

Florida is one of ten states that has raised or will be raising its minimum wage rate for 2013. Effective January 1, 2013, for non-tipped employees, Florida’s minimum wage rate rose from $7.67 per hour to $7.79 per hour, up 12 cents. For tipped employees, the minimum wage rate rose to $4.77 per hour.

Other states included in the wage rate increase are Rhode Island, with the largest increase, Arizona, Colorado, Washington, and Ohio. The federal minimum wage rate was last increased in July 2009, when it was raised from $6.55 per hour to $7.25 per hour.

Florida is one of the few states where the minimum wage rate is recalculated yearly based on the federal Consumer Price Index. This means the minimum wage rate is linked to the cost of inflation and for Florida’s low wage workers this will be protection from those rising costs.

For Florida employers, it means a review of current pay policies to ensure that employees are being properly compensated under the law, new wage posters that must be hung, and a little bit more added to the bottom line.