US President Barack Obama is expected to approve today a bill that will increase the minimum wage of workers under new federal contracts to , from $7.25 to $10.10 an hour, reports said.

"Hardworking Americans - including janitors and construction workers - working on new federal contracts will benefit from the Executive Order (EO)," the White House said in a statement.

"Some examples of the hardworking people who would benefit from an EO include military base workers who wash dishes, serve food and do laundry."

The new executive order, which is expected to affect around 2 million employees, was pushed by progressive Democratic lawmakers. The announcement is expected to come out after the president's State of the Union Address on Thursday.

"The minimum wage is mostly an entry level wage for young people," Senate GOP Leader Mitch McConnell told Fox News Sunday.

"We have a crisis in employment among young people right now, and generation 18 to 30, people that got out of college, are finding there are no jobs for them. The last thing we want to do is have even fewer jobs for younger people."

In 2013, the 44^th president of the United States has already declared war against underemployment.

"Let's declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty and raise the federal minimum wage to $9 an hour," the president said to applause of his audience.

Although this sounds like good news for many, especially the young working class, House Speaker John Boehner says it will have no significant impact since the bill will only benefit future contracts and not those who are already in the service.

"Let's understand something: this affects not one current contract, it only affects future contracts with the federal government. And so I think the question is, how many people, Mr. President will this executive action actually help? I suspect the answer is somewhere close to zero," he said Tuesday.