NO FEDERAL CONTRACT JOBS will be lost over this executive order. In fact, if I have a federal contract, I welcome the change. This is because my contract is not fixed cost, but cost plus. This means that if my cost go up my profit goes up.
This brings me to another point- since Obama's decision will not increase unemployment, why didn't he increase the minimum wage to $15.00 an hour. We always hear the left bloviating about a living wage. $15 would be the wage that an individual would not live in poverty and qualify for services and ObamaCare subsidies... This tells me Obama is not serious about income equality.
Finally, I doubt there are few workers on federal contracts earning minimum wage.
An estimated 2 million Americans work on federal contracts, though the number of workers receiving the minimum wage would be a fraction of that.
A survey by the National Employment Law Project of contractors who manufacture military uniforms, provide food and janitorial services, and truck goods found that 75 percent of them earn less than $10 per hour. One in five was dependent on Medicaid for health care, and 14 percent used food stamps.