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Obama raising minimum wage to $10.10 for Fed contractors

Obama raising minimum wage to $10.10 for Fed contractors

(NEWSER– Some federal contract workers will soon be making $10.10 per hour, up from $7.25, thanks to an executive action to be signed by President Obama. The move could eventually affect more than 2 million employees, but Obama's long-term goal is to increase the minimum wage across the board to $10.10 over three years—a goal he'll address in tonight's State of the Union.Fox News says the executive action is "the first of potentially many" tied to the address. The executive action will only apply to future, not existing, contracts, USA Todaynotes.

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