President Obama Increase Minimum Wage for Federal Contractors

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As promised in his State of the Union address, President Obama recently issued an Executive Order increasing the minimum wage for federal contractors.  The new minimum wage of $10.10 per hour will go into effect on January 1, 2015.  The Order also provides for subsequent increases to the minimum wage that are tied to increases in the Consumer Price Index, in an amount to be determined by the Secretary of Labor.

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