The Florida Department of Economic Opportunity announced recently that pursuant to the Florida Constitution, the minimum wage for the state of Florida would increase from $7.31 per hour to $7.67 effective January 1, 2012.
Adjustment Must Be Calculated Annually
The law requires an adjustment to the minimum wage that must be calculated each year. The adjustment is tied to the US Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) in the South Region for the 12 months ending in August. Since the CPI-W increased 4.9% from the previous year, an adjustment of $0.36 will be made to the minimum wage.
Find Out the Minimum Wage for All States by Visiting the Vision Payroll Minimum Wage Chart Page