President Joe Biden on Tuesday will continue his push for a national $15 minimum wage with an executive order that raises pay to at least that level for hundreds of thousands of federal contract workers, according to senior White House officials. The move will increase the current minimum wage of $10.95 by nearly 37% by March of next year and continue to tie future increases to inflation. It will apply to federal workers from cleaning and maintenance staff to food service contractors and laborers, sweeping in tipped workers who were previously left out of the last increase under former President Barack Obama. White House officials insist it won't increase costs for taxpayers because of benefits including increased worker productivity. https://www.cnbc.com/2021/04/27/biden-raises-minimum-wage-for-federal-contractors-to-15-an-hour.html ___________________________________________ Question... This: Biden's latest executive order will require all federal agencies to include the increase in new contract solicitations by January 30, 2022. Two months from then they will be required to implement the base wage into new contracts. Does that mean that ANY company that bids for federal contracts will now be required to pay everyone in their operation $15/hr? IE, if all your employees don't get paid $15/hr... you can't bid for a contract? If so that's huge. I mean think of the thousands and thousands of different companies across 100's of sectors that the federal govt contracts with.
How much will govt pay to the companies providing workers? And what does that mean: "White House officials insist it won't increase costs for taxpayers because of benefits including increased worker productivity?"
White House officials insist it won't increase costs for taxpayers because of benefits including increased worker productivity. Lol
2 workers to do the job that 3 used to do for the same price over. So yea increased productivity from those who don't get fired.
Was about to write a post with that exact same quote. This is hilarious. Showcases the retardation of the left when it comes to any understanding of basic economics
Who gets fired? Are you kidding me? This is a socialist government. They are hiring on a round a clock basis. Not a single soul gets fired
Well you can afford to hire round the clock for $10 an hour, slave labour. $15 is a bit more tricky. Going to reduce your profits if you have to increase your payroll by almost 40%
Agree, that sounds fair. But I am afraid business will simply push those additional costs onto customers. As they did with the entire restaurant and hospitality industry. I hate nothing more than tipping.
In many EU countries prices are always ALL included by law. So no tipping, and the client knows exactly what he will pay as prices have to be visible on menu cards... Why tipping? Do you do that for your car maintenance, if you buy food, if you go to the doctor, for teachers in school???