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Biden to sign $15 minimum wage for federal contract workers

Joe Biden
Posted at 6:48 AM, Apr 27, 2021
and last updated 2021-04-27 06:52:33-04

WASHINGTON (AP) — President Joe Biden is preparing to sign an executive order to increase the minimum wage to $15 an hour for federal contractors.

Administration officials say the order will provide a pay bump to hundreds of thousands of those workers.

They say that workers will become more productive as a result, so the increase should not be costly to taxpayers.

The increase to be approved under Tuesday's executive order could be dramatic for workers who earn the current minimum of $10.95 an hour.

Those workers would receive a 37% pay hike, though the increase would be rolled out gradually, under to the terms of the order.