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Minimum Wages - Analysis of Impact (Labour Markets)

Level:
A-Level
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 21 Mar 2021

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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.

Analysis of Minimum Wages
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