|
Florida’s minimum wage will increase by $1 Wednesday, for the last time, as part of a phased plan that will eventually tie future increases to inflation using the Consumer Price Index as the marker.
Florida will use a specific Consumer Price Index: CPI-W, which tracks price changes for households whose income is more closely tied to hourly wage and clerical work. That differs from the more commonly cited CPI-U, which broadly covers a population of urban consumers.
|