President Biden Issues Executive Order Increasing Minimum Wage for Federal Contractor Employees to $15/Hour
By EsqSocial Corporation 29/04/21
On April 27, 2021, President Biden issued an Executive Order that will increase the minimum wage for all employees of covered federal contractors and subcontractors to $15.00 per hour, with annual increases beginning in 2023 to account for inflation. The Executive Order builds upon President Obama’s 2014 Executive Order requiring federal contractors to pay employees at least $10.10 per hour. The White House expects that “hundreds of thousands of workers” will be affected by the Executive...
By: Proskauer - Government Contractor Compliance