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Florida votes to raise state's minimum wage to $15 an hour

The state’s current hourly wage of $8.56 will rise to $10 next year. Every year after that, the minimum wage would rise by $1 an hour until it hits $15 in 2026.
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Florida becomes the eighth state to approve a $15-an-hour minimum wage.Sam Navarro / for NBC News
/ Source: CNBC.com

Florida voted Tuesday to gradually hike the state’s minimum wage to $15 per hour, joining a growing list of states and municipalities in taking the step.

The 2020 election ballot initiative garnered the 60 percent support needed to pass, according to The Associated Press. Florida becomes the eighth state to approve a $15-an-hour minimum wage, and the second-most populous to do so.

The measure would increase the state’s current $8.56-an-hour pay floor to $10 next year. For every year after that, the minimum wage would rise by $1 an hour until it hits $15 in 2026.

Labor advocates have long argued to raise minimum pay to what they call a living wage. The movement has gained traction across the country: the House passed a federal $15-per-hour minimum wage last year, and Democratic presidential nominee Joe Biden supports the policy, as well.

Still, many businesses in Florida have argued against increasing the minimum wage. President Donald Trump has said states should make the decision.

John Morgan, a wealthy personal injury attorney, put millions of dollars into the effort to get the initiative on the 2020 ballot.

The measure passed with more than 60 percent support despite Trump’s projected victory in the state with more than 51 percent of the vote.

Labor advocates did not get all good news from ballot initiatives Tuesday. California voted Tuesday that Uber and Lyft should be exempt from a law that would make drivers employees instead of contractors.