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TALLAHASSEE (CBSMiami/AP) – People were working for minimum wage in the state will get a bump in the new year.

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On January 1st, 2015 it’s scheduled to go to $8.05 an hour. The new minimum wage for tipped employees will go up to $5.03 an hour.

The 12-cent increase is the result of a 2004 constitutional amendment which requires the wage to be readjusted each year based on the rate of inflation.

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The state’s minimum wage has gone up nearly $3 since voters approved the amendment.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 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 This material may not be published, broadcast, rewritten, or redistributed.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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