WASHINGTON — President Barack Obama signed another executive order during his presidency, and this time it was to raise the minimum wage for federal contractors.
Reuters reported that this executive order raises the minimum wage to $10.10 starting in 2015.
Obama said that he will push for a higher minimum wage in his latest State of the Union address, among other liberal causes. His White House released a statement, which said the following:
“The executive order the president will sign today will benefit hundreds of thousands of people…It will also improve the value that taxpayers are getting from the federal government’s investment. Studies show that boosting low wages will reduce turnover and absenteeism, while also boosting morale and improving the incentives for workers, leading to higher productivity overall.”