federal contractors to get $14 hourly minimum wage
the department of labor announced a new minimum wage for federal contractors. the rate is lower than the previous administration's target.
Why it matters
the change affects hiring and pay for government contracts.
minimum wage set for contractors
the new rate applies to all federal contractors starting next month.
rate below previous target
the $14 hourly rate is less than the $15 per hour proposed by the previous administration.
Common questions
when does the new minimum wage take effect?
the rate will apply starting next month.
how does this compare to previous plans?
it is lower than the $15 per hour target set by the previous administration.
Sources
- DOL to up minimum wage to $14 per hour for federal contractors By Ginger Christ, HR Dive · hrdive.com
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