Blog
Unit 3 Micro: Low Pay in Supermarkets
24th February 2012
The award-winning journalist Paul Mason provides this video report on low pay for hundreds of thousands of people who work for the big four supermarkets. I use this video when teaching monopsony power in the labour market. For many people, supermarket workers’ wages are being supplemented by state benefits such as child tax credits
In a related issue, Channel 4 news reports on Tesco buckling under pressure over its use of unpaid work experience staff - and announced they will now be paid - unlike the government’s work experience scheme
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.