In his State of the Union speech, President Obama announced special new benefits only for employees of government contractors. Via executive order, he raised the minimum wage for employees of federal government contractors to $10.10 per hour, a 32 percent increase over North Carolina’s current $7.65 minimum wage. No other workers in the country have this benefit.
The cost of this political favoritism will easily be passed on from the contractors to the government and, finally, to the taxpayers. At a time when public sector pay and benefits are already significantly higher than their privately employed counterparts, this executive order smacks of cronyism, political arrogance and economic ignorance.
Chair, Libertarian Party of North Carolina