Each and every employee at Walt Disney World will see an increase in their pay as a nearly year-long battle between the union and management has come to an end.

What Happened

Over the longer term, Disney's minimum wage pay will move incrementally higher over the next three years at which point all employees will be paid $15 an hour.

Why It's Important

Maddy Johnson, a University of Central Florida student, told CNN she never would have imagined to see an increase in pay that's "so historic."

According to the Living Wage Calculator, one adult needs to earn $11.75 per hour in the state of Florida to be support themselves, assuming they're the sole provider with no dependents. At $15 per hour, workers in Florida would be earning approximately three times more than the current "Poverty Wage" of $5.00 per hour.

What's Next

Disney workers are expected to vote with a "resounding yes" in early September, Unite Here Local 362 President Eric Clinton told CNN. On Disney's management end, the company is "thrilled" to reach an agreement in what will prove to be "one of the highest entry-level service wages in the country."

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