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

Shania Twain can’t stop, won’t stop

22-overlay

The superstar's first tour in 11 years was expected to be her last, but it appears that may have changed.

in Lifestyle

McDonald’s all-day breakfast is coming next month

17-overlay1

Breakfastarians rejoice as the Golden Arches announces you'll soon be able to buy an egg McMuffin at dinner time.

in Entertainment

Nicholas Hoult to take on J.D. Salinger in new biopic

nicholashoult

The British actor will portray the beloved American author in "Rebel in the Rye."

in Entertainment

‘Spectre’ could be Daniel Craig’s last ‘Bond’ movie

danielcraig

The British star, whose turn in "Spectre" marks his fourth time playing 007, has now admitted he has no current plans to appear in another Bond movie

in Viral Videos

WATCH: Truck vs. Tree

17-overlay

Witness the power!