Obama moving on minimum wage hike

The Hill, Justin Sink, February 12, 2014

President Obama will sign an executive order formally raising the minimum wage for federal workers during an event Wednesday at the White House.

The move, first announced during the State of the Union address, will raise the minimum wage for federal workers hired under new contracts to $10.10 per hour. It will also raise the tipped minimum wage to $4.90 from $2.13 per year, with an escalator clause that will increase that amount in subsequent years.

Obama will also press Congress to match the executive order with an equivalent hike to the federal minimum wage, the White House said Tuesday. According to a source familiar with the event, the president will appear alongside workers who are paid at or just above the federal minimum wage of $7.25 per hour.

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Study: Obama’s proposed minimum wage hike could destroy 1 million jobs

The DC Caller, Breanna Deutsch, January 15, 2014

The Obama administration’s proposal to raise the minimum wage to $10.10 an hour could result in as many 1,084,000 jobs eliminated from the work force class, according to a new study conducted by the Employment Policies Institute (EPI)

“No amount of denial by the president and his political allies — and no number of ‘studies’ published by biased researchers — can change the fact that minimum wage hikes eliminate jobs for low-skill and entry-level employees. Non-partisan economists have agreed on this consensus for decades, and the laws of economics haven’t changed,” Michael Saltsman, research director at EPI, said in a statement.

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