News

Obama signs order boosting minimum wage

Obama signs order boosting minimum wage

MINIMUM WAGE: Obama spoke about raising the minimum wage during his State of the Union address. Photo: Reuters

WASHINGTON (Reuters) – U.S. President Barack Obama signed an executive order on Wednesday to raise the minimum wage for federal contract workers to $10.10 an hour starting next year and encouraged employers nationwide to increase wages for their workers.

Obama announced during his State of the Union address last month that he intended to take executive action to raise wages for federal contract workers.

The order will affect workers starting on January 1, 2015, and applies to new contracts and replacements for expiring contracts.

Obama, who has also pressed Congress to enact legislation to raise the minimum wage for all workers nationwide, urged business leaders and government officials to do more to increase workers’ incomes.

“I would ask any business leader out there, any governor, any mayor, any local leader listening: do what you can to raise your employees’ wages,” he said, rejecting arguments that doing so would hamper the economy.

“It’s not going to depress the economy, it’ll boost the economy,” he said.

(Reporting by Jeff Mason; Editing by Jim Loney)

Recent Headlines

in Music

WATCH: Kelly Clarkson duets with Jimmy Fallon

20-overlay

After saying that singers "avoid" duets with her, the "American Idol" star finally found a partner.

in Viral Videos, Weird

Police issue tickets for pizza, French fries

17-overlay2

Police in one New Hampshire town are rewarding residents for doing the right thing.

in Music

Carrie Underwood is a mom

carrieunderwoodmikefisher

The singer welcomed her first child with husband Mike Fisher.

in Viral Videos

‘Fifty Shades of Wayne’ replaces Christian Grey with Batman

22-overlay

We think the Dark Knight should be cast in the sequel.

in Lifestyle

Google wants you to zip line through the Amazon

googleamazon

Wanna go on a zip line without all the harnesses and fear? Just hook your browser through to Google.

Weather

condition Condition: Overcast
Temperature: 28°
High: 29° - Low: 28°