3 Ways New Minimum Wage Affects Gov't Contractors

Law360, New York (February 12, 2014, 3:57 PM EST) -- As part of the Obama administration's push to raise the minimum wage, the president on Wednesday signed an executive order raising the minimum wage for workers on federal contracts to $10.10 per hour. It's not too early for contractors to begin thinking about how this might impact their business. Here are a few things to consider:

1) The New Minimum Wage Could Apply to Some Current Contracts

The Obama administration has asserted that the wage increase will apply only to new federal contracts — i.e., those awarded after the effective date of the order. But the regulations implementing the prevailing wage...

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