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Specification:
Click to read the article below and then answer the questions:
Low-paid workers to bear the brunt of coming rise in UK labour costs
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Explain John Maynard Keynes’ sticky wage theory
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State the UK national minimum wage (NMW) from 1 April 2025 for individuals aged 21 and over
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Using a minimum wage diagram, analyse the potential effects of an increase in the NMW
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Explain why the upcoming changes to the NMW and national insurance contributions (NICs) will be felt particularly by firms employing adult employees on a part-time basis
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With reference to chart 1, compare the wage elasticity of demand for the bottom 40 per cent of earners
Gavin Clarke, Emmanuel College
