Minimum Wages - Evaluation (Labour Markets)
- Levels: AS, A Level
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
This revision video considers some of the economic arguments for and against raising the national minimum wage in a labour market. It also has some suggestions for deeper evaluation and balanced evaluation of the benefits and costs of a pay floor.
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- Economics
- Student videos
- Living Wage
- Wage differentials
- Minimum Wage
- Efficiency wage
- Unit wage costs
- Labour supply
- Labour demand
- Labour market economics
- Market Failure
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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