Biden to order $15 minimum wage for all federal contractors
Published
Apr 27 2021 at 10:04 AM GMT
Key
Points
Points
- President Joe Biden will sign an executive order on Tuesday ordering an increase in the the hourly minimum wage for federal contractors to $15.
- According to the White House, all agencies will need to incorporate a $15 minimum wage in new contract solicitations starting on Jan.
- 30, 2022, and by March 30 next year, all agencies will need to implement the minimum wage into new contracts.
- Agencies must also implement the higher wage into existing contracts when the parties exercise their option to extend such contracts, which often occurs annually, the White House said.
- The minimum wage for workers performing work on covered federal contracts is currently $10.95 per hour, the White House said.
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- Published Apr 27, 2021 10:04 AM GMT