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TALLAHASSEE (CBSMiami/AP) – People were working for minimum wage in Florida 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.

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