Teaching PowerPoints
3.5.3 Minimum Wage in the Labour Market (Edexcel A-Level Economics Teaching PowerPoint)
- Level:
- A-Level
- Board:
- Edexcel
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
You might also like
The Poverty Trap- Panorama
12th October 2014
Economics of Inequality (Revision Video)
Topic Videos
'Fat Cat Thursday' - 04 January 2018
4th January 2018
Economics Exam Context for 2018
Study Notes
TUC launch campaign for £15 per hour national minimum wage
24th August 2022
Netherlands raises their minimum wage by 10%
21st September 2022
Related products
-
-
Revision Flashcards
Theme 2 Revision Flashcards for Edexcel A-Level Economics
02-4130-30068-03
£9.95 inc VAT -
- View full selection ›