President Joe Biden on Tuesday will continue his push for a national $15 minimum wage with an executive order that raises pay to at least that level for hundreds of thousands of federal contract workers, according to senior White House officials.
The move will increase the current minimum wage of $10.95 by nearly 37% by March of next year and continue to tie future increases to inflation.
It will apply to federal workers from cleaning and maintenance staff to food service contractors and laborers, sweeping in tipped workers who were previously left out of the last increase under former President Barack Obama.
White House officials insist it won't increase costs for taxpayers because of benefits including increased worker productivity.
https://www.cnbc.com/2021/04/27/biden-raises-minimum-wage-for-federal-contractors-to-15-an-hour.html
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Question...
This:
Biden's latest executive order will require all federal agencies to include the increase in new contract solicitations by January 30, 2022. Two months from then they will be required to implement the base wage into new contracts.
Does that mean that ANY company that bids for federal contracts will now be required to pay everyone in their operation $15/hr? IE, if all your employees don't get paid $15/hr... you can't bid for a contract?
If so that's huge. I mean think of the thousands and thousands of different companies across 100's of sectors that the federal govt contracts with.
The move will increase the current minimum wage of $10.95 by nearly 37% by March of next year and continue to tie future increases to inflation.
It will apply to federal workers from cleaning and maintenance staff to food service contractors and laborers, sweeping in tipped workers who were previously left out of the last increase under former President Barack Obama.
White House officials insist it won't increase costs for taxpayers because of benefits including increased worker productivity.
https://www.cnbc.com/2021/04/27/biden-raises-minimum-wage-for-federal-contractors-to-15-an-hour.html
___________________________________________
Question...
This:
Biden's latest executive order will require all federal agencies to include the increase in new contract solicitations by January 30, 2022. Two months from then they will be required to implement the base wage into new contracts.
Does that mean that ANY company that bids for federal contracts will now be required to pay everyone in their operation $15/hr? IE, if all your employees don't get paid $15/hr... you can't bid for a contract?
If so that's huge. I mean think of the thousands and thousands of different companies across 100's of sectors that the federal govt contracts with.
