President Joe Biden on Tuesday signed an executive order requiring federal contractors to pay their workers at least $15 an hour.
Federal agencies on Jan. 20, 2022, must include a $15 minimum wage in all new contract solicitations. By March 30 of next year, all agencies will need to implement the minimum wage into new contracts and into existing contractors when the parties exercise their option to extend such contracts, which often occurs annually, according to the White House.
