Federal Contractor Minimum Wage 2024. On september 28, 2023, the department of labor published a notice in the federal register announcing that, beginning january 1, 2024, the executive order 13658 minimum wage rate will increase to $12.90 per hour ( minimum wage for federal contracts. On january 1, 2024, the hourly minimum wage for certain federal contractor employees will increase to $17.20, according to a notice issued by the wage and hour.
The dolโs notice provides that the minimum wage for federal contractors will increase from $16.20 per hour to $17.20 per hour, effective january 1, 2024. President joe biden signed an executive order tuesday that raises the minimum wage for federal contractors and tipped employees working on government.