Obama Signs $10.10 Minimum Wage Order for Contract Workers

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President Barack Obama signed an executive order raising the minimum wage to $10.10 an hour for U.S. government contract workers in the future, fulfilling a promise from his State of the Union address.

The order applies to U.S. contractors such as National Park Service concessions workers and military food-service employees, according to a White House fact sheet. The 39 percent increase from $7.25 an hour takes effect for new contracts starting Jan. 1, 2015.