Increasing the Minimum Wage for Federal Contractors

2021-04-30Executive Order 14026
Signed by: Joseph R. Biden Jr.
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Headline: Federal Contractors Required to Pay Workers at Least $15 Hourly

What it does: Agencies must ensure contracts require contractors to pay workers at least $15 per hour and follow annual CPI-based increases.

Real World Impact:
  • Raises minimum hourly pay to $15 for workers on many federal contracts.
  • Sets phased increases and a tipped-worker cash wage schedule through 2024.
  • Requires contract clauses and enforcement steps, adding compliance duties for contractors.
Topics: government contracting, minimum wage, labor policy, tipped workers, procurement rules

Summary

This order requires contractors who work on federal contracts to pay their workers at least $15.00 per hour starting January 30, 2022, with annual cost-of-living increases set by the Secretary of Labor and specific phased rules for tipped workers through 2024. It applies to new and renewed procurement, service, construction, and concession contracts covered by federal wage laws. The stated purpose is to improve government procurement efficiency by boosting worker health, morale, and productivity.

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