• Connecting 20 Million Students in 15,000 Schools to the Best Technology to Enrich K-12 Education. The FCC is making a major down-payment on the President’s ConnectED goal of connecting 99% of students to next-generation broadband and wireless technology within five years. In the coming weeks the President will announce new philanthropic partnerships – including by companies like Apple, Microsoft, Sprint and Verizon.
• Redesigning High Schools to Teach the Real-World Skills That Kids Need. This year, the Administration will announce the winners of a $100 million competition supporting redesigned high schools that give high school students access to real-world education and skills.
• Increasing College Opportunity and Graduation. Building on the success of the President and First Lady’s College Opportunity Summit, in the coming months the President is asking colleges and universities, nonprofits and businesses to work with him on ways to improve students’ access to and completion of higher education.
Middle Class Security & Opportunity At Work
• Making Progress Through Executive Action •
• Raising the Minimum Wage to $10.10 for Those Working on New Federal Contracts. A higher minimum wage can raise earnings and reduce poverty. More businesses, from small businesses to large corporations like Costco, see higher wages as the right way to boost productivity, reduce turnover and increase profits. The President will issue an Executive Order to raise the minimum wage to $10.10 for the individuals working on new federal service contracts.
• Creating “myRA” – A Safe, Easy-to-Use Starter Savings Account to Help Millions of Middle Class Americans Save for Retirement. Starting to save is just the first step towards a secure retirement. Workers must have a place to invest their hard-earned savings that provides an appropriate balance of risk and return, and many private sector providers do not offer retirement savings options tailored to smaller balance savers. Our retirement system should help these potential savers and encourage them to begin building their retirement security. The President is using his executive authority to create “myRA” (my Retirement Account) – a new simple, safe and affordable “starter” retirement savings account that will be available through employers and help millions of Americans save for retirement. This savings account would be offered through a familiar Roth IRA Account and, like savings bonds, would be backed by the U.S. government.
• Building a 21st Century Workplace for America’s Working Families. In spring of 2014, the White House, the Department of Labor (DOL) and the Center for American Progress (CAP), will host a Summit on Working Families to set an agenda for a 21st century workplace to ensure America’s global economic competitiveness in the coming decades. The Summit will make the business and economic cases for policies that support working families; showcase companies doing exemplary work in this space; and highlight model laws and policies from cities and states across the country in areas such as discrimination, flexibility, and paid leave.