New Federal Minimum Wage For Contractors
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Prevailing Wage on Oct 13, 2014.
After Congress refused to pass a new minimum wage law, President Obama signed Executive Order 13658 in June of this year raising the minimum wage on all new contracts or replacement contracts for expiring agreements issued after January 1, 2015, to $10.10 an hour. The Department of Labor’s Wage and Hour Division then issued a final rule following that lead on October 7, 2014. This change in the law will apply to construction contractors until at least the expiration of President Obama’s term and the entry of a subsequent Executive Order by subsequent President and/or Department of Labor Change in policy.
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