Establishing a Minimum Wage for Contractors
This executive order establishes a minimum wage of $10.10 per hour for workers on new federal contracts and subcontracts, effective January 1, 2015, with annual inflation adjustments beginning January 1, 2016. It also sets a phased minimum cash wage for tipped workers reaching 70% of the standard minimum wage. The order requires implementing regulations by October 1, 2014, and applies to contracts solicited on or after January 1, 2015.