Obama: Cap CEO Pay And Raise Minimum Wage For Fed Contracts
Obama could tighten up the cap on CEO pay for federal contracts -- limit it to the salary of the Vice President, $230,700 -- and at the same time raise the minimum wage of workers under federal contracts $7 an hour. If Obama took these two steps it would not change the amount of money spent on federal contracts, it would shrink the wealth divide, and left thousands out of poverty and give them a wage they can live on. Right now the federal government is the largest employer of low-wage workers who earn too little on which to live. President Obama could make these changes without the involvement of Congress through the power of executive orders. This decision is in his discretion. The only person stopping President Obama from taking these sensible, fair steps is President Obama. Workers and taxpayers should insist on fairness in federal contracts.