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 Entertainment

Today in entertainment history: Sept. 15

lone

A look back on the Hollywood headlines that made history.

in Entertainment

This weekend’s celebrity birthdays

bisset

See who will be blowing out the candles on birthday cake this weekend.

in Sports

This week’s top sports shots

AP593592277173

A look at the biggest stories and best photography in sports this week.

in Sports

This weekend’s sports schedule

colin

A complete look at this weekend's sports schedule.

in National

Making headlines this week

AP109814289948

A look at the week's biggest newsmakers and the stories you might have missed.