December 31, 2014
New Year, New Posting Requirement: Federal Contractor Minimum Wage Increase Finalized
As promised in his 2014 State of the Union address, President Obama has greenlighted a minimum wage increase for federal contract workers. The first step was the issuing of Executive Order 13658 – “Establishing a Minimum Wage for Contractors” – in mid-February. Nearly ten months later and after careful review of feedback from interested stakeholders, the Department of Labor announced a final rule raising the minimum wage from $7.25 to $10.10 an hour.
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