Effects Of The National Minimum Wage On Unemployment And Inflation

Essay specific features

 

Issue:

Business

 

Written by:

Erma W

 

Date added:

December 22, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

5 / 1212

 

Was viewed:

2884 times

 

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Essay content:

The LPC was also set up to monitor and report on the impact of the NMW on the economy. The LPC (1998) report identified the retail, including motor trade, cleaning. security. hospitality and social care as sectore that accounted for the highest group with low paid employees. It is evident that a large proportion of the workforce in these sectors have benefitted from the NMW and to some extent there has been a reduction in poverty as some lowly paid workers had a significant increase in their incomes since its introduction...
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The LPC was also set up to monitor and report on the impact of the NMW on the economy. The LPC (1998) report identified the retail, including motor trade, cleaning. security. hospitality and social care as sectore that accounted for the highest group with low paid employees. It is evident that a large proportion of the workforce in these sectors have benefitted from the NMW and to some extent there has been a reduction in poverty as some lowly paid workers had a significant increase in their incomes since its introduction...
displayed 300 characters

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