What does the Fair Wage Amendment do?
The Fair Wage Amendment ensures that all Floridians can have the dignity of earning a fair wage for a hard day’s work. The Amendment raises Florida’s minimum wage – by slightly over $1 an hour, initially – to $10 per hour in 2021, then increases the hourly pay by $1 per hour each year until it reaches $15 per hour in 2026. After 2026, Florida’s minimum wage would increase with the rate of inflation, just like the state’s constitution currently requires.
Why pass the Fair Wage Amendment?
Florida needs to pass the Fair Wage Amendment to ensure that all hard-working Floridians can receive a living wage. The “living wage” is the minimum cost that covers the basic needs of an individual and the needs of their family without government assistance.
Florida’s minimum wage of $8.46 – or $17,600 per year – for a full-time employee is not a livable wage for many of the 200,000 hard-working Floridians that earn it, especially those working to support a family. As most Floridians know, the cost of living in our state is higher than the national average, particularly when it comes to housing and transportation costs.
The living wage calculator created by the Massachusetts Institute of Technology finds a single adult needs to make over $12.00 an hour working full-time to earn a living wage in Florida. A family of four, with two full-time working adults earning minimum wage, is currently earning just over half of what they need to live in Florida.
This amendment would lift pay for hundreds of thousands of Floridians and reverse decades of growing pay inequality. It allows individuals to take pride in their work rather than fight the endless cycle of poverty. This higher income would also benefit workers’ communities as workers spend their extra earnings. This injection of new capital will help stimulate Florida’s economy and spur greater business activity and job growth.
It’s time to move Florida’s families forward. Together we can pass the Fair Wage Amendment to ensure that all hard-working Floridians can earn a fair and livable wage.