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

2 NYPD officers killed, gunman dead

nypd

The fatal shooting may have been a revenge attack over police treatment of minorities.

in Sports

This weekend’s sports schedule

kentucky

A complete look at this weekend's sports schedule.

in Sports

This week’s top sports shots

AP775340197327_3

A look back at the big sports stories and best photos from this week.

in National

Making headlines this week

AP32876106925_13

A look back on some of the week's biggest stories and the headlines you may have missed.

in Sports

Gold medalist Michael Phelps pleads guilty to DUI

phelps

The 18-time gold medalist was arrested on Sept. 30.