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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

Felix Salmon, author of Capital
Jan 15, 2021 - Politics & Policy

Biden's COVID package also progressive wish list

President-elect Joe Biden. Photo: Alex Wong/Getty Images

A crisis is a terrible thing to waste — and President-elect Joe Biden, emboldened by Democratic Senate victories in Georgia, signaled in his speech Thursday night he has no intention of wasting this one.

Why it matters: The president-elect rolled out a $1.9 trillion package headlined for its coronavirus relief but including billions in spending for cybersecurity, transit, wages, health care and other progressive programs.

Updated 18 mins ago - Politics & Policy

U.S. faces urgent anti-hacker crisis

Illustration: Allie Carl/Axios

The Biden administration is accelerating efforts to fill nearly 600,000 vacant cybersecurity positions in the public and private sectors bogging down efforts to protect digital infrastructure.

Why it matters: Following a deluge of ransomware attacks targeting critical government and corporate infrastructure this year, clogs in the talent pipeline are leaving federal, cash-strapped local governments and Big Business even more susceptible to hacking.

Mike Allen, author of AM
5 hours ago - World

Courage vs. coddling with China

Peng Shuai of China serves during the China Open in Beijing in 2017. Photo: Andy Wong/AP

The women's professional tennis tour suspended tournaments in China Wednesday out of concern for Peng Shuai, on the same day that a top business voice made excuses for Beijing.

Why it matters: Ahead of February's Winter Olympics in Beijing, some sports figures are taking on the regime — while Big Business shrinks from confrontation with the world's second-largest economy.