Economics class: Rise in UK minimum wage helped narrow inequality but failed to lift productivity
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
Labour markets, distribution of income and wealth
Click to read the article below and then answer the questions:
Rise in UK minimum wage helped narrow inequality but failed to lift productivity
Distinguish between the national minimum wage and the national living wage
In April, inflation hit 9 per cent and the minimum wage rose by 6.6 per cent. Explain the impact on low wage workers
Using a labour market diagram, analyse the effects of a higher wage bill on smaller employers
In this week’s episode of Payne’s Politics, the commentators suggest reinstating the £20 uplift to universal credit during the current cost of living crisis. Discuss
Gavin Clarke, Emmanuel College
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