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Fla. Minimum Wage Increasing Jan. 1

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TALLAHASSEE, Fla. (CBSMiami.com) – Florida officials announced Monday that Florida’s minimum wage will be rising by 36 cents to $7.67 per hour starting January 1.

The increase will approximately $14.40 to the paychecks of workers who put in 40 hours per week.

The last minimum wage increase was in June when the rate rose by six cents an hour. The rate increase in June came after the state decreased the minimum wage in 2010.

Florida’s minimum wage increases are based on cost of living increases.

(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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