The U.S. Department of Labor’s Wage and Hour Division published a Final Rule to implement President Biden’s April 27, 2020 Executive Order 14026 to increase the hourly minimum wage for employees on federal contracts (but not federal contracts dispensing “grants,” technically known as “Federal Financial Assistance”) beginning January 30, 2022. President Biden signed the order on April 27, 2021 (See “How We Got Here” below).
The Final Rule issued last Wednesday builds on and expands the prior Obama February 12, 2014 Minimum Wage Executive Order 13658 (“Establishing a Minimum Wage for Contractors”). The new Final Rule is expected to potentially cover over a half-million employers (including construction employers) and to potentially raise the wages of 1.8 million employees beyond the minimum wage the Congress has ordered pursuant to the federal Fair Labor Standards Act.
The rule applies in all 50 states, (and unlike the Obama Order) the District of Columbia, and specified U.S. territories and does the following:
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