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The Biden administration wants federal contractors to pay their employees a minimum of $15 an hour. For some contractors it’s a moot issue. For others, it would have a lot of implications for profits and competitiveness. President and CEO of the Professional Services Council David Berteau joined Federal Drive with Tom Temin with analysis on a couple of topics.
Tom Temin: David, let’s start with the $15 wage, I suppose that high-end COBOL programmers and people that can engineer information systems are probably making more than $15 an hour