$15 Minimum Wage Rate Will Apply to New Federal Contracts

The U.S. Department of Labor (DOL) issued a notice on Sept. 16 explaining new minimum wage rates for employees that perform work on or connected to federal contracts. The rate will increase to $11.25 an hour for existing contracts on Jan 1, 2022. Starting Jan. 30, 2022, the rate will be $15 for work performed on new, renewed and extended contracts.
Source: New feed 2