Executive Order Increases Federal Contractor Minimum Wage to $15 an Hour
President Joe Biden signed an executive order on Tuesday that will raise the minimum wage for federal contractors and subcontractors to $15 an hour.
The order stipulates the minimum wage will be $15 an hour beginning Jan. 30, 2022, and agencies must implement the measure by March 30, 2022. The minimum wage will be adjusted automatically for inflation every year after 2022.