On November 22, 2021, the U.S. Department of Labor issued a Final Rule that will increase the minimum wage for employees who work on federal contracts. The Final Rule implements Executive Order 14026, which President Biden executed on April 27, 2021.
The Final Rule, which applies in all 50 states, the District of Columbia, and specified U.S. territories, does the following:
- Increases the hourly minimum wage for employees performing work on or in connection with covered federal contracts to $15 per hour beginning on January 30, 2022.
