Topics
Real Wage Unemployment
Real wage unemployment is a situation in which wages are set above the equilibrium level, resulting in an excess supply of labor or unemployment. It occurs when the minimum wage or other forms of wage regulation, such as collective bargaining agreements, cause wages to be higher than what would be determined by the market forces of supply and demand.
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Continued Debate over the US Minimum Wage
27th September 2024
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UK Government Raises Minimum Wage by 10%
22nd November 2023
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4.1.6.6 National Minimum Wage (AQA A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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3.5.3 Minimum Wages and Unemployment (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints