This article considers the impact of minimum wage legislation on wages, employment and gross domestic product. Using the Liverpool quarterly model of the UK to calculate the total effects in the economy, the authors suggest that unemployment would increase along with the real wages of low paid workers.
Minford, P. and Ashton, P. (1991), "Effects in the UK of EC Wage Proposals in the Social Charter", International Journal of Manpower, Vol. 12 No. 2, pp. 20-23. https://doi.org/10.1108/01437729110003598
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