Minimum Wage Florida 2024 Increase 2024. Back in july, the michigan supreme court struck down a legislative change to the law, setting up a significant increase in the state minimum wage, including for tipped workers. In 2024, that pay rate has essentially doubled to $14.42.

Download, graph, and track economic data. Florida’s hourly minimum wage is scheduled to be $12 starting at the end of next month and is projected to hit $15 an hour by 2026.