While the Florida Legislature did not raise the state-mandated minimum wage during its latest session, some minimum wage workers will soon see an increase in their paychecks. Companies including Gap and Ikea have announced or started voluntary minimum wage increases ahead of proposed legislation, according to the Miami Herald. In April, St. Petersburg-based C1 Bank raised its "living wage" to $14 an hour.
While the current federal minimum wage is $7.25 an hour, Florida's minimum wage is $7.93 an hour. A full-time employee working 40 hours a week in Florida would earn $317.20 a week, or $16,494.40 per year, before taxes. Meanwhile, Florida's poverty line for a family of four is $23,850 a year. According to the Miami Herald, "The [Florida] Legislature adjourned in May without taking up a proposed hike to $10.10 an hour."
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