As promised in the State of the Union address and noted in our previous blog on this subject, President Obama has issued an executive order raising the minimum wage to $10.10 per hour for certain federal government contracting employees. Despite the hoopla surrounding the President’s announcement, the executive order is not likely to affect the majority of contractors or their employees.
First, while the executive order is effective immediately, the rate increase does not take effect until January 1, 2015. Even then, it applies only to new solicitations issued after that date or renewals of current …read more
Read more here: Government Contracting