Florida votes to raise minimum wage to $15 in 2020 election

Vote signs outside Palm Beach County Public Library polling station during the 2020 presidential election in Palm Beach, Florida, U.S., November 3, 2020.

Marco Bello | Reuters

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% 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% support despite Trump’s projected victory in the state with more than 51% 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.

Subscribe to CNBC on YouTube.

Source link




Stanley Druckenmiller says he wouldn’t want to be short market, sees stock rotation continuing

Stanley DruckenmillerAnjali SundaramBillionaire investor Stanley Druckenmiller advised investors against being short the stock market as positive news on the coronavirus front has jolted...

2021 Chevrolet Tahoe, 2021 Chevrolet Suburban performance parts debut

The redesigned 2021 Chevrolet Tahoe and its sibling, the 2021 Chevrolet Suburban, have only recently begun rolling into dealer showrooms, but Chevrolet Performance...

Blood Pressure Often Differs Widely Between Arms

The findings, published online Dec. 21 in the journal Hypertension, are based on 24 studies...

EPA administrator disses California goal for zero-emission car sales

WASHINGTON — The head of the U.S. Environmental Protection Agency (EPA) on Monday questioned California Governor Gavin Newsom's plan to require all new...