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

‘Twilight’ saga returning with short films

Fresh
twilight

The blockbuster vampire franchise is set to return, this time in a short film format.

in Entertainment

Amal Alamuddin enters fashion pantheon as Clooney’s bride

Fresh
george

With help from high-end designers, the new Mrs. George Clooney vaulted to the top of Hollywood fashion.

in Entertainment

Tracy Morgan incredulous Walmart blames him for crash injuries

Fresh
tracymorgan

The "SNL" star says he "can't believe" the retailer is blaming him for the crash that severely injured him and killed comedian Jimmy Mack.

in Trending, Viral Videos

TODAY’S MUST SEE: Jeff Goldblum’s bizarre lightbulb ad

Fresh
13-overlay6

The "Jurassic Park" actor shows you the benefits of mood lighting, wearing nothing but tiny swim trunks and a bad wig.

in Entertainment

Today in entertainment history: Oct. 1

jimi

A look back on this day in Hollywood history.