Florida's Minimum Wage is Going to $15 per Hour

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On Tuesday, Florida voted to increase its minimum wage to $15 per hour by 2026.

On Tuesday, Florida voted to increase its minimum wage to $15 per hour by 2026, according to CNBC.

Florida became the eight state to increase the minimum wage to 15 per hour. According to the Associated Press, the initiative was able to achieve the 60 percent voter support it needed to pass.

The state's current minimum wage of $8.56-an-hour to $10 next year. For the following years, the minimum wage would increase by $1 an hour until it reaches $15 in 2026. Labor advocates are finally making ground in attaining a living wage. Last year, the House of Representatives passed a federal $15 per hour minimum wage.

Many businesses in Florida have argued against increasing the minimum wage and President Donald Trump said that minimum wage should be a state decision.

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