1. How this changes in the minimum wage, could possibly affect the unemployment rate?

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August 5, 2017
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1. How this changes in the minimum wage, could possibly affect the unemployment rate?

Project description
Assignment Task: Individual Report
(This assignment comprises 50% of the final mark for this module)
You should answer both questions in report form with introduction, main body and conclusion.

The chancellor said employers would be forced to pay staff a minimum
of 7.20 an hour from next April 2016, and raise wages by 6% a year on
average to around 9 an hour by the end of the year 2020.

1. How this changes in the minimum wage, could possibly affect the
unemployment rate? (1500 words)
2. What will be the macroeconomic effects, of minimum wage change
in the economy? (1500 words)

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