Florida's Minimum Wage To Increase in 2012

By
Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920
http://actvra.in/lts

I remember when I was paid minimum wage, and that was longer ago than I care to detail here :-)

Suffice to say, it is tough for people working minimum wage positions to get ahead financially; there are more people working minimum wage positions, and they typically work more than one job.

Florida's minimum wage for non-tipped employees will increase 1/1/2012 to $7.67 per hour, a 4.9% increase from the $7.31 minimum wage rate of 2011.

Wages for tipped employees will increase to $4.65 from $4.29; this is based on the CPI (Consumer Price Index) for our Southeastern area.

These increases are good, as more employers choose to promote from within, and being a state with a minimum wage rate ABOVE the federal rate can bring more potential employees here - who will need places to stay, whether for short term or long term.

For comparison, the Federal minimum wage is now $7.25 per hour.

For fun, here is a chart of Federal Minimum Wage History:

Effective Date
Hourly Wage
10/24/1938
$0.25
10/24/1939
$0.30
10/24/1945
$0.40
01/25/1950
$0.75
03/01/1956
$1.00
09/03/1961
$1.15
09/03/1963
$1.25
02/01/1967
$1.40
02/01/1968
$1.60
05/01/1974
$2.00
01/01/1975
$2.10
01/01/1976
$2.30
01/01/1978
$2.65
01/01/1979
$2.90
01/01/1980
$3.10
01/01/1981
$3.35
04/01/1990
$3.80
04/01/1991
$4.25
10/01/1996
$4.75
09/01/1997
$5.15
07/24/2007
$5.85
07/24/2008
$6.55
07/24/2009
$7.25

For those of you reading this born more recently, look at what the numbers were in the 30's, 40's & 50's...we didn't even get to $1/hour until 1955!

 

 

 

Posted by

Carol Zingone is a full service Broker Associate proudly affiliated with Berkshire Hathaway HomeServices Florida Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of: Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com  for Jacksonville and area listings!

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate General Information
Location:
Florida
Groups:
All Things Florida
Local Expert
POSITIVE ATTITUDE for the Weary Soul
Prudential Network
Realtors®
Tags:
minimum wage
federal minimum wage
fl minimum wage
consumer price index
employment
unemployment

Comments 9 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
283,052
Keith Gilkey
410-920-7214, Re/Max Chesapeake
Re/Max Chesapeake

Carol, That is very interesting. When I started to work I could buy 4 gallons of regular gas for one hour worked and now you could only buy a little over 2 gallons. 

October 18, 2011 08:05 AM
Ambassador
419,806
Larry Lawfer
"It's all about you. I listen for a living."
YourStories Realty

How about a maximum wage law.  I think it is deplorable that we pay a bank executive millions on the way out the door.  Why do we pay athletes so much?  Our priorities as a country seem to be askew.  I am a fan of Warren Buffets belief that it is important for the rich to give back and raise the boat for all of us.  Little actions like supporting local charities is a step.  Thanks for your post

October 18, 2011 09:39 AM
Rainmaker
1,004,003
Ginny Lacey Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Boy, do i remember being a waitress and making $2.25 an hour plus tips...and the customers who don't tip when these individuals depend upon it to live...minimum wage- my clients have 2-3 jobs trying to make ends meet...

October 19, 2011 07:09 AM
Rainmaker
613,759
Bob Miller
The Ruiz/Miller Team - Ocala's Dream Team
Keller Williams Cornerstone Realty

Hi Carol, Nice history report!  I remember one of my 1st jobs out of high school, when according to your report I should have gotten $1.60 (whoops, just dated myself lol) and I was making $2.68!  P.S. Not much less than we here in Florida real estate making now!

October 19, 2011 07:07 PM
Rainmaker
316,907
Marco Giancola
Realtor (305)608-1922, Miami Beach Florida
Majestic Properties

Hi Carol-every little bit helps. With so many workers in hospitality in our state this does add up for them. I made $1.65 plus tips in my first job way back in the 70's:)

October 23, 2011 08:14 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
724,962

Carol Zingone

Global Realtor Based in Jax Beach, FL
Questions About FL, Beaches Homes? Ask Me!
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: