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People in Florida gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage in May 2019. Photo: Joe Raedle/Getty Images

Florida voters said yes to raising the state's minimum wage to $15 by 2026, making it the first state in the South and the eighth state in the U.S. to do so.

Why it matters: Its passage would ultimately affect 2.5 million Floridians, or one-quarter of the workforce over the next five years, per the Florida Policy Institute.

Where it stands: 60.8% of Floridians voted in favor of Amendment 2, just barely passing the citizen-led ballot's requirement of needing more than 60% support.

  • Employers will be asked incrementally raise the minimum wage from $8.56 to $15 by September 2026, or about $1 per year.
  • The last time Florida residents voted on a minimum wage measure was in 2004.

Yes, but: Some business associations opposed it, arguing that paying workers more would mean higher costs, and possible layoffs and consumer price increases as a result.

Go deeper

Florida swing voters desperate for an end to the race

Illustration: Eniola Odetunde/Axios

After months of a grueling campaign season, some swing voters around Florida are desperately searching for an end to this cycle — even if it means accepting a President Biden win after they voted for President Trump.

Why it matters: Fatigue over the level of political outreach and content they've been inundated with during this race — as well as fear that there will be extreme civil unrest no matter who wins — is pushing these voters to accept a president they don't even want if it means the chaos will end.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

New deals in the COVID economy

Illustration: Sarah Grillo/Axios

COVID-19 is the macro horror of our lifetimes, and has destroyed or severely damaged countless businesses. But, like with most horribles, it also has created some opportunities.

Driving the news: Merck this morning announced an agreement to buy OncoImmune, a Maryland-based biotech that showed promising late-stage clinical results for a therapy that treats severe and critical coronavirus cases.

2 hours ago - Technology

Biden's openings for tech progress

Photo illustration: Eniola Odetunde/Axios. Photo: Win McNamee/Getty Images 

Item No. 1 on President-elect Joe Biden's day-one tech agenda, controlling the flood of misinformation online, offers no fast fixes — but other tech issues facing the new administration hold out opportunities for quick action and concrete progress.

What to watch: Closing the digital divide will be a high priority, as the pandemic has exposed how many Americans still lack reliable in-home internet connections and the devices needed to work and learn remotely.