Five Cent Increase to FL Minimum Wage Next Month
• Florida is giving every minimum-wage worker a whole five-cent pay raise next month. The Florida Department of Economic Opportunity says the state’s minimum wage will go from $8.05 per hour to $8.10 per hour on Jan. 1 based on inflation rates calculated by the Consumer Price Index. Assuming employees consistently work 40 hours a week on this wage (which isn’t always the case), the minimum-wage worker’s annual salary would increase from $16,744 to $16,848. That’s $104 more a year or about $8.67 more a month. In food terms, that’s enough to buy yourself a steak burrito from Chipotle but not enough for extra guac. A recent study from the National Center for Children in Poverty at Columbia University a family …
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