The Florida minimum wage will be increasing to $7.67 on Jan. 1, 2012, from the current minimum wage of $7.31. This represents a 4.9% increase for Florida minimum wage earners.
Payroll wages for employees earning tips is also increasing. The new rate will be $4.65 per hour, a change from the current $4.29.
Florida is one of 10 states that automatically tie minimum wage increases to increases in the Consumer Price Index (CPI). Full-time employees earning the minimum wage in Florida will now make $15,953.35 gross payroll wages annually.