This Law Firm Publication by Fisher & Phillips LLP discusses the Executive Order signed by Philadelphia's Mayor Nutter on May 6, 2014 raising the minimum wage rate for employees of Philadelphia contractors and subcontractors to $12 per hour, effective January 2015. The Executive Order also extends the current minimum wage rate of $10.88 per hour to subcontractors, which goes into effect in two weeks. Under the new law, public agencies and contractors that work on city contracts, receive city financial aid or operate under city leases or franchises will be required to pay their full-time, temporary and seasonal employees the new minimum wage rate. The law also requires these employers to contractually impose the new minimum wage rate on subcontractors that meet the annual revenue requirements. The new requirements do not apply to employers receiving incidental economic benefits as a result of city policies or laws, or workers on construction projects already governed by federal, state or local prevailing wage rules. They also do not apply to workers employed in summer programs for teens and students or those engaged in bona fide training or internship programs.