Minimum wage for federal contractors to rise in January 2018

From Politico, the hourly minimum wage for federal contractors will increase to $10.35 in January 2018, up from the current $10.20, according to a notice in the Federal Register.

In addition, the tipped minimum wage will increase to $7.25 an hour, up from the current $6.80.

The wage hikes are in response to a 2014 executive order from President Barack Obama that raised the hourly minimum to $10.10 and the tipped minimum to $4.90 for workers “performing work on or in connection with covered Federal contracts,” beginning in January 2015.