Beginning on January 1, 2021, the minimum wage for work performed in connection with covered federal contracts increased to $10.95 per hour. On January 22, 2021, the White House announced, in a Fact Sheet, President Biden’s intent to issue an Executive Order within his first 100 days in office that would provide emergency paid leave and increase the minimum wage up to $15 per hour for federal contractors.
(See Link(s): 85 FR 53850)