a necessary imperative. >> president obama last year called for an increase in the minimum wage. this year he's going to do it again. he lets issued an executive order in increasing the wage for federal workers. that affects a small number of people. no current contracts, i understand, just future contracts. is today's executive order just for show? >> no. i think it has an important demonstration effect. i think it is an expression of values. it may affect contracting at some point in the future. but, look, it's not nearly as important as raising the minimum wage would be. raising minimum wage would lift people out of poverty. raising the minimum wage would quite likely contribute to raising demand in the economy by transferring funds to people who