Economics
Explore Economics
Student Videos
Synoptic Economics: Impact of Higher Minimum Wage
- Level:
- A Level
- Board:
- Edexcel
Last updated 2 Jun 2019
Minimum wages are a favourite topic for synoptic questions because changes in pay floors affect individual people, businesses and industries whilst also have an impact on aggregate demand and supply. This short revision video distinguishes between some of the possible micro and macro impacts and give four evaluation arguments to support the analysis.
You might also like
UK Economy - Policy Focus - Minimum Wages and Unemployment
Student Videos
Minimum Wage and Living Wage
Student Videos
A* Exam Technique: Evaluating impact of a higher minimum wage
Practice Exam Questions
20 Years of the UK National Minimum Wage
Study Notes
Vacancies and Redundancies (Labour Markets)
Student Videos
UK Economy - Policy Focus - Minimum Wages and Inflation
Student Videos
Low unemployment and longer hours
18th November 2019
Recommended
Exam support for 2022
Online Grade Booster Courses for A-Level Exams in May & June 2022
Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams