Teaching PowerPoints

3.5.3 Minimum Wage in the Labour Market (Edexcel A-Level Economics Teaching PowerPoint)

Level:
A-Level
Board:
Edexcel

Last updated 23 Sept 2023

This teaching powerpoint covers the economics of a Minimum Wage in the Labour Market

A minimum wage is a legally mandated minimum hourly wage that employers must pay their workers. It's a price floor for labour, meaning it's the lowest wage rate that's legally permitted. A minimum wage is intended to protect workers from being exploited by employers, and to ensure that all workers receive a fair wage. However, it can also have unintended consequences. For example, some economists argue that a minimum wage can lead to unemployment, as employers may choose to lay off workers if they are forced to pay them more.

Download this PowerPoint

Related products

Daily Email Updates

Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.

Signup for emails

© 2002-2025 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.