Minimum Wage Under New Federal Contracts to Increase to $10.10/hour

??????????????????????????????????????????????????????????????During last night’s State of the Union Address, President Obama announced that he would issue an Executive Order raising the minimum wage for employees working under new federal contracts to $10.10.  President Obama pushed Congress to raise the regular  minimum wage to $10.10 per hour and peg it to inflation.  The general minimum wage increase is being championed by Democrats in both Houses of Congress, but with the current congressional deadlock, its passage remains unlikely.