President Biden on Tuesday is expected to sign an executive order raising the minimum wage for federal contractors to $15 by March 2022.
At that time, the order will result in a 37-percent raise for federal contractors making the current contracting minimum $10.95, and setting their salary at over double the regular statutory federal minimum wage, which has been stuck at $7.25 since 2009.
The move would affect hundreds of thousands of workers, according to a senior administration official. Continue reading.