President Obama Signs Executive Order to Increase Minimum Wage

How will this affect the availability of jobs? Will this improve the lives of those currently living in poverty making $7.25 hourly? How will this affect those who receive Food Stamps/SNAP benefits?

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An Obama administration official confirmed that President Barack Obama will sign an executive order today to set the minimum wage to $10.10 per hour for workers under federal contract.  Low-wage workers who called on Obama to issue the order are expected to be present when the signing takes place at the White House. Exactly who will be covered under the new order will be made public during the event as well as other details, according to the official.

The signing of executive order confirms the policy proposal Obama explained during his recent State of the Union address. In light a minimum wage bill not being passed by the Senate or the House since he initially proposed raising the wage last February, the commander-in-chief took matters into his own hands with a vow to hike the wage-floor himself regarding workers under federal contracts.

“I’m eager to work with all of you,”…

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