Economy

Demeter

(85,373 posts)

9. Obama signs order to raise minimum wage for federal contractors

Wed Feb 12, 2014, 07:01 PM

Feb 2014

I HOPE HE DOESN'T SPRAIN HIS WRIST, PATTING HIMSELF ON THE BACK

http://news.yahoo.com/obama-sign-order-federal-minimum-wage-hike-wednesday-110247693--business.html

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...

COULDN'T EVEN MAKE IT EFFECTIVE IMMEDIATELY...

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