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

It’s a dog-eat-dog world at the 2015 Puppy Bowl

17-overlay3

It's Ruff versus Tuff in the 11th annual football game of puppy power!

in Entertainment

Nickelodeon latest to offer streaming service

nickelodeon

Good news for "SpongeBob SquarePants" fans.

in Sports, Viral Videos

WATCH: 4 unforgettable Super Bowl halftime shows

14-overlay1

Four of the most memorable Super Bowl halftime shows ever.

in Entertainment

Jeff Bridges hopes his new album puts fans to sleep

jeffbridges

"The Big Lebowski" star has released "Sleeping Tapes," a project full of spoken word pieces and meditation mantras.

in Music

ZZ Top and Weezer team up for ‘Wee-Z Top’ show

weezer

The odd union will be showcased on Jimmy Kimmel's late-night show next month.