At a time when there have been difficulties moving legislation quickly through Congress, the President has often acted through executive orders, many directed at federal contractors. Indeed, this year has been a year of action with regard to federal contractors.
Specifically, a new executive order raises the minimum wage for employees of federal contractors, and expands the number of workers who would be eligible for overtime pay. The order raises the hourly minimum wage paid by those contractors to workers performing on covered federal contracts to $10.10 per hour, beginning January 1, 2015. Beginning January 1, 2016, and annually thereafter, the minimum wage amount will be determined by the Secretary of Labor with annual increases to match in line with the consumer price index. The President hopes that the act will put pressure on Congress to raise the federal minimum wage.
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