2020 Florida Amendment 2 was an amendment to the Constitution of Florida that passed on November 3, 2020, via a statewide referendum concurrent with other elections. The amendment sets to increase the state's hourly minimum wage to $15 by 2026.

Effective September 30th, 2021, Florida’s will raise minimum wage to $10.00 per hour. Each September 30th thereafter, minimum wage shall increase by $1.00 per hour until the minimum wage reaches $15.00 per hour on September 30th, 2026. From that point forward, future minimum wage increases shall revert to being adjusted annually for inflation starting September 30th, 2027.

The following submission statement was provided by /u/WallStreetDoesntBet:

2020 Florida Amendment 2 was an amendment to the Constitution of Florida that passed on November 3, 2020, via a statewide referendum concurrent with other elections. The amendment sets to increase the state's hourly minimum wage to $15 by 2026.

Effective September 30th, 2021, Florida’s will raise minimum wage to $10.00 per hour. Each September 30th thereafter, minimum wage shall increase by $1.00 per hour until the minimum wage reaches $15.00 per hour on September 30th, 2026. From that point forward, future minimum wage increases shall revert to being adjusted annually for inflation starting September 30th, 2027.

Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/xx0mfw/how_floridas_increased_minimum_wage_could_impact/ir9d5nx/

Wow, really well thought out and investigated article... /s

Barely an article... just someone airing the musings of a nobody....

Lmao they think an $11 min wage will attract people to the state. Seriously.

This is propaganda and not a honest discussion on wages. "You're killing small business if you want survive off your wage", no the laws that were changed/made by lobbying and the lack of an actual free market are squeezing small business.

It's not small business vs low wage workers, it's the owning class vs the working class. What is it...50 trillion has been extracted from the working class since this BS started? Almost 1 Trillion a year from the working class to the owning class, but let's keep fighting amongst ourselves.

You'd have to save up for months to be able to afford to move if you were making less. And what would you get? Florida!?

Given Florida's huge tourism trade, I would kind of expect them to be able to justify some level of minimum wage increases as a pass-through tax on tourists that reduces the wage burden generally for non-tourism business sectors. I'd also maybe consider tourist businesses to support it to some degree if it improved labor availability.

I also wonder if they would get more bang for their buck by increasing affordable housing in terms of improving labor and limiting wage increases, since housing is expensive and often scarce in coastal areas. Better housing options could reduce wage demands as well as having a payoff throughout the life of the housing stock.

It’s the lack of affordable (read normal prices) housing. If we didn’t have to spend so much in rent/housing maybe wages wouldn’t be such an issue but a lack of leadership from both gop and dem had made it so that nimbly, red tape, and zoning laws, Airbnb and rampant house flipping cash investors made it incredibly expensive for the average family to get housing. Now that there’s a lack of labor low wage companies that where paying slave wages are now ponying up but small biz cannot compete.

People who never had disposable income will start eating at restaurants and shopping for items more thus strengthening the economy.

Why is this in futurology? Like, this is just some lame fluff piece on why unlivable wages totally aren't causing economic collapse throughout this country.

Come invest in real estate, we need to sell it before it's underwater.

I laughed when I realized this is in r/futurology. The future is $11/hour

similar to how the media asks sleepy joe the hard hitting questions like what flavor ice cream hes eating or how many diapers he goes through a day.

It's a tourism economy here in Florida. We also are starting to get pretty big with aerospace engineering companies... Either way the minimum wage isn't what's gonna attract people or turn them away here. Nor will the $15 an hour allow people to afford rent very well, if at all

I work for a small business/restaurant and the owner is FREAKING out about the wage increase. He's already raised the prices twice and far above what similar restaurants, small business or not, are charging

So you get a lot of these articles trying to plant the idea that people here don't actually want a higher minimum wage lol... I mean it's not like it passed a vote, right?! Oh wait...

Attacking housing costs first would have been the smarter option, but they didn't start skyrocketing until later after this law was passed. It smells really fishy

This! ^^^

In 50 years half the state will be underwater.

Housing has nothing to do with this even though its expensive as heck. A couple could pay anything there. It’s about the types of jobs, the amount of uneducated people AND oh this is the good one the same mother sucking job in FL pays TRIPLE in NYC. Believe me, the costs are not triple.

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No! It’s just the way they chose to write the story..I live in Florida and personally voted to raise minimum wage to $15 an hour ,ok this is just the state of Florida.. not the whole Nation so I failed to how Florida raising minimum wage to meet the rising cost of living effects the rest of the nation and their inflation ..Inflation is a given..Have you ever heard of rent going down in areas, HOA fees being lowered? Insurance? No because it only goes up and then they see no reason to lower it again because you paid it then you can pay it now..

It’s just the cost of moving to Florida..Rent is high..That is if you can even find a rental at all with all the people moving here..So just to get that part straight we don’t have to attract people with $11 they coming all on their own by the droves fleeing California and NY..Now let me remind you what wages on those states

The minimum wage in California is currently $15.00/hour

The Minimum Wage Act (Article 19 of the New York State Labor Law) requires that all employees in New York State receive at least $14.20 an hour beginning December 31, 2022.

That's what I was saying. With or without the minimum wage hike, we're getting people moving here in droves

They do also have low taxes as far as I know

it'll help with their flood insurance premiums in the future..

This means that on September 30, 2026, minimum wage employees in Florida will finally be able to apply for an apartment with rent as high as $800/month! Unless policy in Florida is different, most apt complexes require that you earn 3x rent before you can even apply.

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Why do American entrepreneurs cling to the restaurant industry so much? It's so unstable and the profits are so small and the stress is as high as business ownership can get. It's a bad deal, why do people still do it?

Wow what a poorly thought-out garbage puff piece. Sensationalist trash.

>“My concern is those young people who are trying to get into the labor force that don’t have the skills to be worth $11 or $13 or up to $15 an hour as it gets there in 2026,” says Dr. Parrish.

While he also has some good things to say about the increase, this is a terrible argument.

The minimum wage is going up simply because that's what's needed to pay the bills. Florida has people who work full time but are homeless. That's silliness. To say nothing of young workers being less than 20% of minimum wage workers - so why should at least 80% of that class of workers live in poverty because of some hypothetical "skills" argument of an extreme minority?

"Fleeing CA and NY" seems spinny. NY is the #1 source of people moving to Florida, but NY is actually the #1 source of people moving pretty much anywhere - including California. At the same time, NY has seen a surge of people moving to it. People just move in and out of NY a lot.

Florida's other top donors include Georgia, Pennsylvania, and Ohio before you get to CA. There's really no one fleeing anywhere.

I work at a brewery restaurant and according to the brew master that opened it with the owner(who views this as his pet project in addition to his normal career) he chose it because craft breweries showed "the biggest industry growth" at the time

Honestly a terrible reason to start a business like this. He's a white collar money guy, not a restaurant/bar guy and it shows

The point was the Minimum wage..In Ca and NY it’s already $15 an hour. So what is all the yah yah about because Florida voted to raise the wage?

>“My concern is those young people who are trying to get into the labor force that don’t have the skills to be worth $11 or $13 or up to $15 an hour as it gets there in 2026,” says Dr. Parrish.

What a bad take. Minimum wage is meant to be a survivable amount of income regardless of experience, job, or skills. Does Dr. Parish think young people should just starve as they try to build their resumes?

It's the easiest business to open. You don't need to think up anything new or have any great ideas. Just hire a cook (or in since cases cook it yourself) and you got a business.

Of course that's also why 1/3 of restaurants close down soon after opening and something like 75% fail within 10 years.

What are the burger joints offering? That is a good indicator of what the minimum should be. Went through a Burger Czar drive-through today in New England, their sign said $16 an hour.

I only remember one president so thin skinned he banned places that asked him hard questions and it wasn't Biden.

Because somehow people are convinced that straw man is the norm. My BIL worked at burger King. When asked je will tell you most of the employees were people out of highschool. If you ask him about minimum wage he will tell you a highschooler flipping burgers doesn't deserve more than that.

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