NMW: Classical real-wage unemployment
Monday, October 03, 2011
by Mo Tanweer
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As the government increased the NMW this weekend by 15p to £6.08 an hour for adults….....the minimum wage may be pricing young people out of work because employers are finding it too expensive to give them their first job, Government pay advisers have said. Good application here for discussing real-wage classical unemployment.
Read more here.
Categories: AS and A2 Specifications AQA Economics Unit 1 AQA Economics Unit 3 EdExcel Economics Unit 1 A2 Micro AS Micro Business Economics Government Intervention Minimum Prices Labour Market UK Economy Unemployment
Tags: unemployment, employment, pay, minimum wage, living wage, national minimum wage, classical unemployment
Tags: unemployment, employment, pay, minimum wage, living wage, national minimum wage, classical unemployment
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