Joe Biden Sets $15 Minimum Wage For Federal Contractors
President Joe Biden’s administration says hundreds of thousands of workers could see bigger paychecks starting next year due to its new minimum wage for federal contractors.
The Labor Department said Monday that it had finalized a regulation that sets a $15 wage floor for workers under federal contracts. Firms providing services to the U.S. government will have to pay workers at least that much under contracts implemented or renewed starting Jan. 30, 2022.
The federal government already sets contractor minimums through prevailing wage law. But Jessica Looman, acting administrator for the...