As I previously posted , Florida’s new $15 minimum wage (passed by voters) has to go through a legislative implementation process which may exclude certain businesses or certain employees.
And, I’m already hearing news that small businesses and business lobby groups are pushing back on Amendment 2 due to the COVID19 pandemic. Specifically, businesses are arguing that because of COVID19 closures and restrictions on operations, in addition to high unemployment in Florida, any increase in minimum wage pursuant to Amendment 2 should be delayed. Businesses also point out that with the economy in disarray due to the pandemic, now is a difficult time to be raising prices for customers who may also be struggling.
Supporters of Amendment 2 argue that since the raise is incremental, $1 a year, businesses should have time to adjust to the increase. Supporters of increased minimum wage also argue that increasing minimum wage permits those employees to spend more on goods and services thereby stimulating the economy. Low wage workers tend to spend a much larger percentage of their wages in their local communities.
Amendment 2 passed with 61% voter approval which demonstrates high approval by the Florida voters.