Economics A Level: What does the National Minimal Wage aim for?

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What does the National Minimal Wage aim for?

go kys · Accepted Answer

-The NMW is a Legal Minimum Hourly Rate of Pay for Different Age Groups. This was established in the UK in 1999 to Prevent Firms from Setting such low Wages. 
-The NMW has tried to create a more Equal Distribution of Income, and make People encouraged to Work

Economics A Level

What does the National Minimal Wage aim for?

-The NMW is a Legal Minimum Hourly Rate of Pay for Different Age Groups. This was established in the UK in 1999 to Prevent Firms from Setting such low Wages. -The NMW has tried to create a more Equal Distribution of Income, and make People encouraged to Work

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