Obama signs order on minimum wage Assignment Example | Topics and Well Written Essays - 250 words

Obama signs order on minimum wage - Assignment ExampleThis move would be of great assistance for these citizens as it would improve their income annually and improve the economy of the country. Even though, this order has been positively accepted by the masses, it has also received disconfirming criticism. Economists have argued that this implementation would harm the economy rather than bringing any benefit. They believe that employers and large firms would reduce the number of employees to cope up with the rising salaries and thence lead to unemployment. This would be a blow to the economy as unemployment rates would raise and dissatisfaction amongst the common man would increase.Though economists have presented their views and fears, but this decision interpreted by the President is a very bold one which is for the betterment of the Americans. It aims to improve the pay scale of the workers and to improve the income of the poor households. The bill would achieve its in demand(p ) result if it is implemented with effective policies and a strong check is kept on the