OBAMA: In the coming weeks, I will issue an executive order requiring federal contractors to pay their federally funded employees a fair wage of at least $10.10 an hour, because if you cook our troops meals or wash their dishes, you shouldnt have to live in poverty. THE FACTS: This would be a hefty boost in the federal minimum wage, now $7.25, but not many would see it. Most employees of federal contractors already earn more than $10.10. About 10 percent of those workers, roughly 200,000, might be covered by the higher minimum wage. But there are several wrinkles. The increase would not take effect until 2015 at the earliest and it doesnt apply to existing federal contracts, only new ones. Renewed contracts also will be exempt from Obamas order unless other terms of the agreement change, such as the type of work or number of employees needed.
Posted on: Wed, 29 Jan 2014 17:43:11 +0000
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