Minimum Wages - Analysis of Impact (Labour Markets)
- AS, A-Level
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This revision video takes students through a basic analysis of the impact on wages and employment of a minimum wage introduced into the labour market. It includes a comment on the importance of elasticity of labour demand in determining the employment consequences of a higher pay floor.