Minimum Wage Graph Uk
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Minimum wage graph uk. The national minimum wage act 1998 creates a minimum wage across the united kingdom which from 1 april 2018 was 783 per hour for workers aged over 25 738 per. A minimum wage is the lowest remuneration that employers can legally pay their workers. Equivalently it is the price floor below which workers may not sell their labor. This statistic shows and compares the national living wage and the national minimum wage 21 years and over in united kingdom uk since the national living wage was.
This statistic shows the national minimum wage in united kingdom uk for people 21 to 24 year olds. The current national minimum wage is 738 pounds. Office monster stocks one of the largest ranges of office supplies and stationery products in the uk. Our mission is to offer our customers outstanding service low.
The condition for revenue maximisation is therefore to produce up to the point where mr 0. This is also at the same level of output.
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