WASHINGTON - The U.S. Department of Labor announced that the guaranteed minimum wage for federal contractors will be increased to $15 per hour beginning Jan. 30, 2022.
The pay increase will impact new contracts with government agencies and was part of an executive order signed by President Joe Biden to lift the hourly rate for federal contractors from $10.95 in April.
Unfortunately for some workers, the increased wage is required only in new contracts, so some working under existing federal contracts will have to wait.
The wage would be indexed to inflation, so it would automatically increase with each year to reflect changes in prices. The tipped minimum wage of $7.65 an hour for federal contractors would be replaced by the standard minimum by 2024.
"These workers are critical to the functioning of the federal government: from cleaning professionals and maintenance workers who ensure federal employees have safe and clean places to work, to nursing assistants who care for the nation’s veterans, to cafeteria and other food service workers who ensure military members have healthy and nutritious food to eat, to laborers who build and repair federal infrastructure" the White House said in a statement earlier this year.
The announcement follows a similar move by former President Barack Obama in 2014, which raised the minimum wage for federal contractors to $10.10 per hour.
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