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Florida voters have said “Yes” to raising the minimum wage.

Amendment 2 received 61% of the vote, just narrowly getting the 60% majority vote minimum it needed to pass.

So what does this mean?

Amendment 2 raises the minimum wage to $10.00 per hour effective September 30, 2021. Every year after the minimum wage will increase by $1.00 per hour until it reaches $15.00 per hour on September 30, 2026.

Marc Charles has worked in Radio and Media since 2005. Marc has been active in media in Detroit, Ohio, Canada, and Florida. When he's not blogging for Money Talk Radio, he covers UFC and Boxing at big events, and with his weekly radio show The Octagram. Follow Marc on social media @MarcCharlesMMA & @TheOctagramMMA.