Biden Issues EO Increasing Minimum Wage to $15 per Hour for Federal Contractors
By EsqSocial Corporation 14/05/21
On April 27, 2021, President Biden issued Executive Order 14026 requiring contractors to pay a minimum wage of $15.00 per hour beginning January 30, 2022, on contracts entered into, contracts renewed or extended, and options exercised on or after January 30, 2022. The new Executive Order is patterned on a February 12, 2014, Executive Order issued by President Obama which affected the same group of workers, and increased the then minimum wage for federal contract employees to $10.10 (a redline...
By: Arent Fox