Minimum Wage In Florida 2024 Impact On Economy. That’s because the minimum wage increased from $8.56 to $8.65 and will. Effective january 1, 2023, florida’s minimum wage is $11.00 per hour for all employees.

The impact of the minimum wage increase on florida’s economy is yet to be seen, but it is expected to have both positive and negative effects. However, significant changes are set to take place in 2024 that will impact both.