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On Tuesday, April 27, President Biden signed Executive Order 14025, raising the minimum wage for federal contractors to $15 per hour by the end of March 2022. This marks a sharp 37% increase from the current $10.95 minimum wage for federal contractors. Under the Executive Order, federal agencies are required to include the $15 minimum wage in new contract offerings by January 30, 2021, and the new rate must be included in all federal contracts by March 30, 2022. The Executive Order also mandates that contractors and all covered subcontractors incorporate a clause into lower-tier subcontracts ensuring that subcontractors guarantee the new $15 minimum wage for all “workers employed in the performance of the contract”, indicating an intent that the new rate will apply to all workers down the supply chain. In addition, the Executive Order calls for elimination of the $7.65 minimum wage for tipped federal contractors (the �
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