A Legal Price Floor
A Legal Price Floor
A national minimum wage is the legally enforced minimum hourly wage that an employer may pay. It is intended to raise the incomes of low-paid workers and reduce exploitation.
Step-by-step lessons on AQA A Level Economics 1.6.6 The National Minimum Wage. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.