February 13, 2014 •
Obama Issues Executive Order Establishing Minimum Wage for Contractors
On February 12, President Barack Obama issued an executive order establishing a minimum wage for federal contractors.
Effective January 1, 2015, contractors and subcontractors for the federal government must pay employees a minimum of $10.10 an hour or $4.90 an hour for employees who are tipped. The wages will be annually adjusted according to the consumer price index.
The order applies only to new contracts starting in 2015.
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