Explain one advantage for an economy of introducing a minimum wage
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The advantages of a national minimum wage:
Greater equity will be achieved, and the distribution of income between the high paid and the low pay may be narrowed. Poverty may be reduced as the low paid gain more income and the unemployed may be encouraged to join the labour market.
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Greater equity will be achieved, and the distribution of income between the high paid and the low pay may be narrowed. Poverty may be reduced as the low paid gain more income and the unemployed may be encouraged to join the labour market.