An interesting development – President Obama is expected to sign an Executive Order today, January 28th, that will set the minimum wage of employees of Federal Contractors to $10.10 per hour. While this will only affect new contracts, it’s something you may want to look out for when running compensation analysis for new contractors going forward.
- Read more about this at http://politicalticker.blogs.cnn.com/2014/01/28/obama-to-raise-minimum-wage-for-federal-contractors.
Video below from CNN: