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1.6.6 The National Minimum Wage
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A Legal Price Floor

A Legal Price Floor

A national minimum wage is a legally enforced minimum hourly wage that employers must pay. It is a price floor in the labour market, intended to raise the earnings of low-paid workers.

1.6.6 The National Minimum Wage Lesson

  1. A Level
  2. /Economics
  3. /1.6.6 The National Minimum Wage

Step-by-step lessons covering AQA A Level Economics 1.6.6 The National Minimum Wage for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.