Obama Signs Order on Minimum Wage - Essay Example

America is a developed nation and is marked to be the most powerful country across the globe. Despite this international success and reputation, many Americans still live below the poverty line. This 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 negative 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 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, this decision taken 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 poor households.

The bill would achieve its desired result if it is implemented with effective policies and a strong check is kept on the employers.