President Biden plans to sign an executive order on Tuesday that will kick off the rulemaking process for a higher minimum wage for employees of federal contractors.

WASHINGTON, DC – APRIL 23: U.S. President Joe Biden delivers remarks during day 2 of the virtual Leaders Summit on Climate at the East Room of the White House April 23, 2021 in Washington, DC. Biden pledged to cut greenhouse gas emissions by half by 2030. (Photo by Anna Moneymaker-Pool/Getty Images)