Florida Voters Approve $15 Minimum Wage Law, Raising Hopes For Nationwide Rise – HEDGE accordingly

Florida voters approved a $15 minimum wage on Nov. 3, causing labor activists to be hopeful about the prospects of a federal $15 minimum wage.President-elect Joe Biden has said he would support doubling the federal minimum wage, which currently sits at $7.25/hour.Amendment 2 passed with 60.81%, just barely passing the mandatory threshold of 60% for citizen-led ballot initiatives.Under the amendment, the minimum wage in Florida will increase from the current $8.56/hour to $15 by September 2026. The first increase will occur in September 2021, and will raise hourly wages to $10.Florida will join…

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HEDGE accordingly