A-level Paper 1, November 2021Markets and Business Behaviour
A-level Paper 1, November 2021, Q7
Evaluate the disadvantages of a significant increase in the national living wage on a specific labour market, such as that for social care workers.
EssayEvaluateOptional25 marks
Context
The national living wage, the minimum wage for 25-year-olds and over, is expected to rise to more than £10.50 an hour in 2024 compared with £8.72 in 2020. The wage does not apply to the UK’s self-employed and ‘gig economy’ workers. Some economists said the increase was ambitious. Business groups warned that employers in sectors such as social care could be hit hard. In large parts of the north of England the living wage has already reached two-thirds of local median earnings, said Professor Shackleton.
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