Biden's Federal Min. Wage Mandate Will Hurt Beyond Govt

Biden's Federal Min. Wage Mandate Will Hurt Beyond Govt
(AP Photo/Susan Walsh)

Back in late April, President Biden signed an executive order raising the minimum wage for workers on federal contracts to $15 an hour starting in the beginning of 2022. While this ostensibly only applies to federal workers, in practice it is likely to function as a backdoor way to raise the minimum wage nationwide without Congressional action.

The new minimum wage set to come into effect is targeted at federal contractors, but it will also impact private companies that hold permits to operate on federal lands, such as concessionaires and outfitters in national parks. All told, the Department of Labor estimates that 507,200 businesseswill be subjected to the mandated minimum wage increase.

 

Read Full Article »


Comment
Show comments Hide Comments


Related Articles

Market Overview
Search Stock Quotes