The $15-an-hour minimum wage for federal contractors increased to $16.20 on January 1, 2023.
The U.S. Department of Labor (DOL) recently announced that the $15-an-hour minimum wage for federal contractors under Executive Order (EO) 14026 will increase to $16.20 for 2023 because of inflation. AGC filed comments on the DOL’s original proposed rule implementing the EO.
Workers covered by the EO are:
- Workers whose wages under the contract are governed by the Fair Labor Standards Act, Service Contract Act, or Davis Bacon Act
- Workers employed on or in connection with a covered contract
Executive Order 14026 applies to new contracts, and renewals and extensions of existing contracts, beginning January 30, 2022.
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