Within the past month, the president undertook 2 specific measures that are geared at helping America’s wage earners:
1. He raised the minimum wage that federal contractors must pay
a. He raised the minimum wage from $7.25 to $10.10 per hour for companies that do business with the federal government. Only new federal contracts will be affected by this executive order. Thus, the president’s executive order will be phased in as of January 1, 2015 as existing contracts are renewed and new contracts are issued. Continue reading...
