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Florida’s $15 Minimum Wage Vote Might Be a Tipping Point

Florida’s $15 Minimum Wage Vote Might Be a Tipping Point

Florida’s $15 Minimum Wage Vote Might Be a Tipping Point

Pressure on Congress to boost the federal wage floor for the first time in 13 years is building after voters in Republican-leaning Florida approved a ballot initiative to raise the state’s minimum wage to $15 an hour by 2026.

Ordinarily, an increase to $15 an hour over several years would give businesses enough time to compensate for the higher labor costs, says Dilip Kanji, a businessman from Tampa, Fla., who owns a mix of hotels, restaurants, and rent-to-own retail franchises. But he hastens to add that these are not ordinary times.

“We’re now in a pandemic, with unemployment very high,” Kanji says. “We now have a Democratic government coming in, and we don’t know how that’s going to be.”

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