On September 30, 2023, Florida will increase its minimum wage to $12.00. The increase in wage is a part of a yearly dollar increase that Florida instituted in 2020 following a voter-approved ballot measure. Florida’s minimum wage is set to increase to $15.00 by 2026. Because Florida’s tipped wage is $3.02, the increased minimum wage will increase the required cash wage for tipped employees to $8.98 in 2023 and presumably, $11.98 by 2026. All Florida employers are required to post the current minimum wage in their place of business where an employee can see it.