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 National

Jobless claims up, wage growth starting to push higher

jobs

The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a stronger labor market.

in Entertainment

Stars hold out for big payday on ‘Big Bang Theory’

bigbang

Production of the hit comedy is on hold as the show's stars demand big bucks.

in Entertainment

REVIEW: ‘Guardians of the Galaxy’ is one of 2014′s most entertaining

Guardians Of The Galaxy

Director James Gunn elevates our August with one of the most entertaining films of 2014, Marvel’s "Guardians of the Galaxy."

in Music, Entertainment

Bieber tweets, deletes Miranda Kerr shot after Bloom fight

Justin Bieber

Justin Bieber appears determined to continue provoking Orlando Bloom following their bust-up at a party in Ibiza, Spain.

in Entertainment

Arrest warrant issued for ex-’Scandal’ star Columbus Short

columbusshort

An L.A. judge has issued a warrant for the actor's arrest after he skipped a hearing in his domestic violence case.