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

Obama signs order on stripped-down wage - Assignment ExampleThis move would be of great assistance for these citizens as it would improve their income yearly and improve the parsimony of the country. Even though, this order has been positively accepted by the masses, it has also received damaging criticism. Economists have argued that this implementation would harm the economy rather than bringing any benefit. They believe that employers and large firms would funk the number of employees to cope up with the rising salaries and thus 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 outstrip of the workers and to improve the income of the poor households. The bill would achieve its desired result if it is implemented with effective policies and a concentrated check is kept on the