$15 minimum wage for federal contractors beginning Jan 30th

$15 minimum wage for federal contractors beginning Jan 30th

According to a final rule announced by the Labor Department on Monday, employees of federal contractors will make a minimum of $15 per hour, providing a wage increase to over 300,000 workers in the country. The wage floor will affect contracts that are executed or extended beginning on January 30, 2022. The current minimum wage for contractors is $10.95 according to a rule enacted by the Obama administration in 2014 and is scheduled to rise to $11.25 on January 1. Paul Light, an expert on the federal workforce at NYU has estimated that five million people work for employers with a federal contract including security guards, food workers, janitors and call center workers. He says that most of them already make more than $15 an hour. The new rule will affect the construction contracts entered into by the federal government. 

Martin J Walsh, Labor secretary said in a statement that the rule "improves the economic security of these workers and their families, many of whom are women and people of color." President Biden announced the rule in April when he signed an executive order directing the department to issue it. The announcement came amid a series of pro-labor moves by the administration which included reversing some of the Trump administration's rules softening worker protections and allocating tens of billions to strengthen union pension funds. 

Source: The New York Times 

You might also like

For several reasons, the IT sector is appealing to job seekers. ...Read more

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Articles

Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...Read more

Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...Read more

Teaching jobs: transformative teacher roles you can undertake amidst the teacher shortage in the US ...Read more

If your organization is on a hiring spree too, one of the key things to consider is the recruitment ...Read more