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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.

Analysis of Minimum Wages

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