Minimum wage up to $15.00 for federal contract workers

President Joe Biden is set to sign an executive order to increase the minimum wage to $15 an hour for federal contractors, providing a pay bump to hundreds of thousands of workers.

Biden administration officials said ahead of Tuesday’s signing that the higher wages would lead to greater worker productivity, offsetting any additional costs to taxpayers.

“This executive order will promote economy and efficiency in federal contracting, providing value for taxpayers by enhancing worker productivity and generating higher-quality work by boosting workers’ health, morale, and effort,” the White House said in a statement.

Source:Associated Press – JOSH BOAK