President Biden Issues Executive Order to Raise Minimum Wage to $15 for Federal Contractors

BusinessConstructionNews
Written By Michael Severino

On April 27th, 2021, President Biden issued an Executive Order raising the minimum wage to $15 per hour for all federal contractors. The fact sheet can be found here.

Contractors must incorporate the higher wage in new contract solicitations starting January 30th, 2022 and implement the new wage by March 30th, 2022. The new minimum wage will also fully apply to tipped workers and workers with disabilities. (The current minimum wage is $10.95 per hour for federal contractors and $7.65 per hour for tipped contractors.)

The U.S. Department of Labor’s Wage & Hour Division is charged with rulemaking to implement and enforce the new wage standard.

Michael Severino
Previous

Certain Limited Liability Companies and Corporations Now Required to Report Their Beneficial Owners – Corporate Transparency Act
Next

Fourth Circuit Makes Clear That Parties Can Waive Appellate Review of an Arbitrator's Decision