Biden to sign order mandating $15 minimum wage for federal contractors

President Joe Biden will sign an executive order that will raise the minimum wage to $15 for all workers employed by federal contractors.

Biden plans to sign the executive order on Tuesday, according to administration officials. The mandate, which will affect hundreds of thousands of workers on federal contracts, requires that all agencies implement the new minimum wage into contracts by March 30, 2022. It will also require that federal agencies implement the higher wages into existing contracts when they are extended.