1 of 1- Just Fred
- Duke of Cortona
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Oh Boy! A Reason to Celebrate for Minimum Wage Workers in Florida
Of course, I'm being snarky. Read this:
Florida workers who earn minimum wage get a 1.85 percent hourly raise to start the new year.
The state’s minimum wage will increase to $8.25 an hour Monday, 15 cents higher than the current rate of $8.10.
Under a state constitutional amendment passed by voters in 2004, the Florida Department of Economic Opportunity adjusts the wage each year based on changes in a federal consumer price index.
The wage applies to all Florida workers who are covered by the federal minimum wage, according to the Department of Economic Opportunity. Since the passage of the amendment and the enactment of Florida’s minimum wage law in 2005, the state minimum wage has risen $2.10 an hour, or 34 percent, since the original wage was set at $6.15 in 2005. The 15-cent increase for 2018 is the largest hourly increase since 2012, when the wage rose by 36 cents an hour, according to the Department of Economic Opportunity.
A person who works 40 hours per week at $8.25 an hour earns $330 before taxes. The 15-cent hourly raise equates to $6 more for a 40-hour work week.
Last edited by Just Fred (12/31/2017 2:16 pm)
- Tarnation
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Re: Oh Boy! A Reason to Celebrate for Minimum Wage Workers in Florida
Cheastsheet.com recently published a list of the top states in which it doesn't pay to work; in other words, comparing the state minimum wage to the hourly minimum required to equal that state's welfare benefits:
#15. Pennsylvania: $6.53 per hour difference
Total welfare benefits package: $29,817
Pre-tax wage equivalent: $28,670
Hourly wage equivalent: $13.78
State hourly minimum wage for 2017: $7.25
The newly enacted tax package might be a game changer, especially for families with younger children.
Last edited by Tarnation (12/31/2017 10:30 pm)
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