Joe Biden has signed new executive orders increasing the minimum wage for federal contractors and tipped employees working on government contracts to $15 an hour, based on NBC News.

The increase from $10.95 will be released in January and must be implemented no later than March.

Biden also signed an executive order effectively increasing the minimum wage for federal workers to $15.

Federal agencies have to increase the minimum wage by 2024 to ensure that tipped employees working on federal contracts make the exact minimum wage as other workers on federal contracts.

The Jump from $10.95 to $15 is a 37% increase.

The executive order has increased the minimum wage for federal contract employees with disabilities.

The purchase was built from an executive order implemented by the Obama administration.

Biden is also making it a priority to raise the federal minimum wage to $15.

This minimum wage increase will apply to countless Americans.

A minimum wage increase over the $1.9 trillion COVID-19 relief package won’t be part of the invoice.

Studies have proven that by increasing the minimum wage, 1 million people would be brought out of poverty in four decades.

Studies also revealed that the increase in the minimum wage would also cost 1.4 million jobs.

“These workers are critical to the functioning of the federal government, from cleaning professionals and maintenance workers… to nursing assistants who care for the nation’s veterans, to cafeteria and other food service workers who ensure military members have healthy and nutritious food to eat, to laborers who build and repair federal infrastructure.”