Minimum Wage Florida 2024 Impact On Society. Federal and state minimum wage rates, annual. Florida’s minimum wage hike is crucial for economic equity, but understanding its national context is key to grasping its impact.
Effective september 30, 2024, the minimum wage in florida increases to $13.00 an hour, and the required cash wage for tipped employees increases to $9.98. However, significant changes are set to take place in 2024 that will impact both employees and employers in the state.