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To embed, copy and paste the code into your website or blog: The Executive Order is projected to increase the hourly wage paid to hundreds of thousands of Federal contractor employees. TAKEAWAYS President Biden issued an Executive Order raising to $15.00 per hour the minimum wage that Federal contractors and subcontractors must pay workers on covered contracts, beginning on January 30, 2022. Because the new $15.00 minimum wage is higher than some prevailing minimum wages paid under the McNamara-O’Hara Service Contract Act (SCA), this Executive Order is projected to increase wages of nearly 400,000 Federal contractor employees. The Executive Order requires the Secretary of Labor to issue regulations implementing its requirements by November 24, 2021. ....