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

Robin gig has gone to the girls

jenamalone

The superhero sidekick is set for a sex change in the upcoming "Batman V. Superman: Dawn of Justice" film.

in Viral Videos

If ‘WALL-E’ was a Christopher Nolan film

15-overlay3

Take a look at Pixar's "Wall-E" reimagined as if it was created by the director of "The Dark Knight."

in Entertainment

Jay Leno is the funniest man in America

jayleno

The former "Tonight Show" host received the Mark Twain Prize for American Humor at the Kennedy Center Honors.

in Entertainment

REVIEW: Too familiar ‘Fury’ misses glory

This photo released by Sony Pictures Entertainment shows Brad Pitt as Wardaddy in a scene from "Fury."

Brad Pitt is fantastic, but Fury can't go out in the blaze of glory it aimed for.

in Music

Dustin Lynch hit in the face by beer can

dustinlynch

The "Where It's At" hitmaker was left bleeding profusely during his performance and required stitches to close the wound.