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 Sports

WATCH: Kevin Garnett’s biggest fan

10-overlay

On the night of KG's return to the Minnesota Timberwolves, one longtime fan was turning heads.

in Entertainment

‘Focus’ reigns supreme at weekend box office

focus

Will Smith has whipped "Fifty Shades of Grey" in the box office race.

in Entertainment

‘Divergent’ author working on new series

veronicaroth

The books currently are untitled, with the first one expected in 2017.

in National

Survey: Parents increasingly ask doctors to delay vaccines

needle2

Physicians worry that makes under-vaccinated kids and others vulnerable to preventable diseases.

in Sports

Aaron Hernandez trial delayed again due to snow

hernandez

There has already been five "snow days" since the trial began Jan. 9.