Biden to Sign Order Requiring $15 Minimum Wage for Federal Contractors

Wall Street Journal (04/27/21) Lucey, Cartherine

President Joe Biden today will sign an executive order mandating that federal contractors pay a $15-per-hour minimum wage. Under the order, beginning Jan. 30, 2022, all agencies must include a $15 minimum wage in new contract solicitations. By March 30, 2022, all agencies must implement it into new contracts. Agencies also must incorporate it into existing contracts when they are extended.

The current minimum wage for workers performing work on covered federal contracts is $10.95. The order also will phase out the use of a tipped minimum wage for federal contractors, currently $7.65 per hour, by 2024.

Read the full article here.

Categories