Late last month, President Biden fulfilled a campaign pledge by issuing his Executive Order on Increasing the Minimum Wage for Federal Contractors. The new executive order will raise the minimum wage for certain employees of certain federal contractors to $15 an hour. While the significance of the executive order should not be underestimated, the hype surrounding its issuance may have given the impression that its immediate effect is much greater than it is. A deeper dive reveals that the new executive order actually applies only to a narrow range of federal contracts: Continue reading >