An Iowa State University economics professor says the president’s executive order increasing the minimum wage federal contractors must pay employees will have little impact on most government contracts. Professor Peter Orazem says the effort to increase the minimum wage for everyone to 10-dollars 10-cents an hour will also have very little impact.

 
Orazem says the idea that the raising the minimum wage is going to help the so-called “middle class” doesn’t add up.

 
He says it sounds good for politicians to say they want to give people a raise, but says assuming an increase will help workers and benefit the economy is rarely true.