The federal contractor minimum wage is a prevailing wage that must be paid to workers employed by contractors and subcontractors who perform work on federal contracts. The minimum wage for federal contractors is set by the U.S. Department of Labor’s Wage and Hour Division and is updated annually.
The federal contractor minimum wage is important because it helps to ensure that workers are paid a fair wage for their work. It also helps to level the playing field for businesses that compete for federal contracts. The minimum wage for federal contractors has been in place since 1936, and it has been updated several times over the years to keep pace with inflation.
