An explanation of the positive and negative effects of the national minimum wage for employees, businesses and the economy as a whole outlining To what extent it is advantageous

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…U.K industries more efficient so in the long we could see an expansion in aggregate supply and a boost to economic growth. It is an advantage to the U.K. as it also encourages businesses to improve which has a knock on effect, which creates social improvement as well. I feel it has been a success so far as it raises living standards and benefits the low paid which are the aims of government.