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Essay

The effect of the minimum wage has on unemployment

Essay specific features

 

Issue:

Business

 

Written by:

April L

 

Date added:

March 19, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2849

 

Was viewed:

3512 times

 

Rating of current essay:

 
Essay content:

It applies to most workers and sets hourly rates below where pay is not allowed to decrease; these rates are recommended by the Low Pay Commission (LPC). At first the adult rate was set at ?3.60 per hour for adults in the first 6 months of their job with sufficient training, there was also a lower youth rate of ?3...
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(http://www.is4profit.com/business-advice/employment/minimum-wage-and-statutory-pay-obligations_2.html). Neo-classical economic analysis suggests that an individuals wage should equal their marginal product of labour, “as wages constitute the individuals reward for their personal contribution to output of a firm” which resembles that of perfect competition...
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General issues of this essay:
Effects Of The National Minimum Wage On Unemployment And Inflation How has the level of employment/unemployment and national minimum wage legislation impacted on the economy as a whole and how will this effect the economy in the years to come? Minimum Wage minimum wage minimum wage The effect of the minimum wage has on unemployment Minimum WAge MINIMUM WAGE Minimum Wage Minimum Wage Minimum Wage Minimum Wage Minimum Wage minimum wage minimum wage
 

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