Voters in Florida approved a graduated minimum wage hike that would raise the starting rate for workers in the Sunshine State to $15 per hour by 2026.
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The measure, known as Amendment 2, will raise the minimum rate to $10 per hour on Sept. 30, 2021. In the years that follow, there will be annual $1 increases until $15 per hour is reached.
Afterward, the minimum wage pay rate will be tied to inflation.
The current minimum wage in Florida is $8.56, while the federal base pay rate is $7.25.
It has been estimated that the measure will lift pay for about 2.5 million workers in the state.
Florida is the eighth state to commit to raising wages to $15 per hour, as reported by The Wall Street Journal.
While proponents believe higher wages will help families by paying workers a livable wage, critics claim that business owners may not be able to afford increased payroll costs.