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

DC Navy Yard on lockdown, police investigate reported shooting

Fresh
19-overlay1

Police are responding to reports of an active shooter at Navy Yard in Washington, the same military installation where a gunman killed 12 people in 2013.

in Sports

U.S. files formal extradition request for 7 FIFA officials

Fresh
fifa

U.S. officials are looking into alleged bribery worth more than $100 million involving high-ranking officials at soccer's world governing body.

in National

Campaign highlights stress of fireworks on combat veterans

Fresh
fireworks

For hundreds of thousands of veterans with post-traumatic stress disorder, symptoms can be worsened by the cracks and thunder of celebratory fireworks.

in Sports

NBA: Love, Butler among free agents agreeing to stay put

Fresh
kevinlove

Two of the biggest names in the free agent market, cut the suspense and agreed to deals to remain with their teams.

in Sports

Japan to face U.S. in World Cup Final

Fresh
24-overlay

An injury time own goal from England defender Laura Bassett put Japan into the World Cup final with a 2-1 victory, setting up a title rematch with America.