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500 Of The Nations' Largest Companies To Boost Unemployment

1/31/2014

 
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The Obama Administration has partnered with 300 companies including 50 of the nations' largest corporations to lower unemployment. Companies such as Walmart, Apple and Ford have agreed to first hire people who have been out of work the longest.

Yesterday, President Obama sat down with CNN Chief Washington Correspondent Jake Tapper in an exclusive interview. The President stated that "because they've been unemployed ... so long, folks are looking at that gap in the resume and they're weeding them out before these folks even get a chance for an interview."

In his state of the union address on Tuesday 1/29/2014, the President said that he intends to raise the minimum wage for government contract workers to $10.10 per hour.

President Obama stated that "we will be able to have more of an impact if we can get Congress, for example, to pass a minimum wage law that applies to everybody, as opposed to me just through executive order making sure that, folks who are contractors to the federal government have to pay a minimum wage?"

For the complete interview watch the video at http://www.cnn.com/2014/01/30/politics/obama-tapper-interview/index.html?hpt=hp_c2

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