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!

 

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Rainmaker
1,392,533
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Wow, I remember the days of getting paid minimum wage.  Hard to believe these numbers are for real, but they make sense according to the times.

October 18, 2011 07:45 AM #1
Rainmaker
283,115
Charlie Dresen
Steamboat Sotheby's International Realty - Steamboat Springs, CO
Steamboat Springs, CO e-Pro

That's pretty interesting...minimum wage was under $1 until 1956. It is nice to see the minimum wage increase because as mentioned, most people working for minimum wages are holding down multiple jobs. Hope it brings more people to your area or keeps them there!

October 18, 2011 07:45 AM #2
Rainmaker
1,885,963
Roy Kelley
Retired Real Estate Broker, Maryland Blogger - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thanks for sharing the very interesting chart.  Brought back long ago memories.  I opened my first real estate office in 1961.

IMG_6026 Life is good!

The Dahlia Show at Brookside Gardens in Montgomery County, MD

Roy and Dolores Kelley Photographs

October 18, 2011 07:52 AM #3
Rainmaker
254,306
Connie Goodrich
Keller Williams Realty - McKinney, TX
CRS ABR (McKinney Realtor)Texas

Fun to reflect on the past levels.  Gosh, I remember working for $1.50 an hour and happy to earn it!  I also remember babysitting two young girls who were awful, cleaning the house, doing the dishes and playing games (no videos then and very little TV)  for 50 cents an hour with no tip.  We have come a long way!

October 18, 2011 08:04 AM #4
Rainer
283,114
Keith Gilkey
Re/Max Chesapeake - Elkton, MD
410-920-7214, 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 #5
Ambassador
437,354
Larry Lawfer
YourStories Realty Group - Westwood, MA
"I listen for a living." It's all about you.

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 #6
Rainmaker
1,054,956
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

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 #7
Rainmaker
629,804
Stephanie/Bob The Ruiz/Miller Team
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

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 #8
Rainmaker
329,521
Marco Giancola
Majestic Properties - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

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 #9
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Rainmaker
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Carol Zingone

Global Realtor Based in Jax Beach, FL
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