President Barack Obama’s Executive Order 13658 takes effect today. It extorts contractors doing business with the federal government to pay their employees at least $10.10 per hour.
Fortunately (for taxpayers and other “working people”), the net effect will be negligible in the big picture. Because only a little over 200,000 of the over 4 million people contracting with the government are earning less than that.
What the Executive Order does is throw a bone to the low-information crowd that he is looking out for the so-called “working poor.” As opposed to the “lazy poor” I guess. They believe what the President says, that he will cut cost by raising them. Which is also why he was afraid to involve the high-information voters, like the Legislative Branch of government.
The president and Labor Secretary Perez don’t get who it is that is ultimately paying those salaries. It is YOU, the taxpayers
Here’s a Perez quote on the subject . . .
Raising the minimum wage isn’t just the right thing to do to strengthen families — it’s the smart thing to do to strengthen businesses: People would have more money to spend on goods and services. Businesses would see higher productivity and lower worker turnover, too.