DOL proposed rule aims to boost fed contractor minimum wage to $15/hour
The U.S. Department of Labor (DOL) recently published a proposed rule to raise the minimum wage for federal contractors to $15 per hour beginning January 30, 2022. It also calls for annual, indexed increases beginning January 1, 2023. The proposed rule implements Executive Order (EO) 14026, which President Joe Biden issued last April. The order builds on the foundation established by EO 13658, which President Barack Obama signed in 2014.
What’s covered
The new $15 minimum wage will apply to:
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