Live revision! Join us for our free exam revision livestreams Watch now

Teaching PowerPoints

3.5.3 Minimum Wage in the Labour Market (Edexcel A-Level Economics Teaching PowerPoint)


Last updated 23 Sept 2023

This teaching powerpoint covers the economics of a Minimum Wage in the Labour Market

A minimum wage is a legally mandated minimum hourly wage that employers must pay their workers. It's a price floor for labour, meaning it's the lowest wage rate that's legally permitted. A minimum wage is intended to protect workers from being exploited by employers, and to ensure that all workers receive a fair wage. However, it can also have unintended consequences. For example, some economists argue that a minimum wage can lead to unemployment, as employers may choose to lay off workers if they are forced to pay them more.

Download this PowerPoint

Related products

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.