The two.7% pay elevate for federal workers in 2022 is the most important improve in practically twenty years and comes at a time when the price of dwelling is rising quickly. The elevate will have an effect on greater than 2 million federal staff and can price the federal government an estimated $25 billion over the subsequent yr.
The pay elevate is an element of a bigger effort by the Biden administration to handle the problem of stagnant wages for federal workers. The administration has additionally proposed quite a few different measures to assist federal staff, together with rising the minimal wage for federal contractors and increasing entry to reasonably priced housing.
