Austrian Anarchy's Journal: Is the Demos Study to be Believed?

In the State of the Union address last night, President Obama vowed to institute measures to raise the minimum pay of all employees on federal contracts to $10.10/hr. News outlets rushed to a particular report by an outfit called "Demos" as evidence that there are people who would benefit from this act. Problem is, the report does not show that at all. Maybe there are federal contractors out there that earn less than $10.10/hr., but they sure are difficult to find.