Connecticut Leads the Way

Connecticut has become the first state to raise its minimum wage to $10.10 an hour.

Anyone think Fox News will cover it when the unemployment rate doesn’t go up?

 

Not So Fast!

As promised, President Obama signed an executive order today raising the minimum wage for employees of federal government contractors from $7.25 to $10.10 an hour.

But that increase won’t show up in actual paychecks any time soon.  First, the increase doesn’t even take effect until January 1, 2015.  Second, it will take three to five years to be fully implemented as contracts get renewed.