The headline reads, "Obama to raise minimum wage for government contract workers". The article reads just that. President Obama has set forth an executive order to raise the Federal minimum wage for government contract workers. This is a large jump from the current $7.25 to the ordered $10.10. This would go into effect only on new contracts after 2015 and only for those government contractors. 75% of contractors make less than $10 and hour and 20% are dependent on Medicaid, 14 % utilize food stamp assistance. The executive branch is looking to increase morale, reduce turnover and boost productivity of their contractors. They plan on raising the Federal minimum wage for all employees shortly thereafter.
I found this article interesting and worth reading because of it's gravity towards our nation in whole. Also, the percentage of the minimum wage proposed to be raised is drastic in my opinion. It is relevant to me because I work fairly low wage jobs while in school, and hope to see and reverberation into my wages with the raise in the Federal minimum. Though this is probably wishful thinking. I chose this article because of it's relation to my situation and because of the weight it holds as a national policy.
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