labour market case studies

Question 1

what is the average wage of a male player in the mens premier legue? what is the reason?

Answer 1

£3 million
- high MRP, players provide singificant revenue in the form of sales of merchandise
- firm revenue from television advertisements

Question 2

what is the average wage of a female player in the premier legue?

Answer 2

£47,000

Question 3

what was the recent increase in the living wage?

Answer 3

increased from £10.42 to £11.44

Question 4

what is the minimum wage in luxembourg?

Answer 4

• 17 euros an hour for a skilled worker (highest in the world)
• 14 an hour for un unskilled worker

Question 5

what is relitive poverty in luxembourg?

Answer 5

11%

Question 6

what is life satisfaction in luxembourg?

Answer 6

4% report low life satisfaction

Question 7

what was the averge difference in pay between CEOS and the average worker? what is the source of this information?

Answer 7

• 2013- high pay center think tank
• on average CEO’S earned 143 times that of the average worker in their firm

Question 8

by how much has the real pay of doctors decreased? what is an explaination for this?

Answer 8

• doctors pay in real terms decreased an average of 25% between 2008 and 2023
• monopsony power of the NHS allows the government to refuse pay rises

Question 9

how many NHS staff are estimated to leave the health service each week? what is the main reason?

Answer 9

• 400 members of staff a week (in 2022)
• staff want to resore work life balance

Question 10

how many people in the UK were part of trade unions in 2022?

Answer 10

6.25 million

Question 11

what was the recent teacher pay rise?

Answer 11

6.5%

Question 12

how many working adults have ‘low basic skills’?

Answer 12

more that 5 million (1 in 5)

Question 13

how has the minimum wage affected nursuries? what is the source of this information?

Answer 13

• the recent rise in the minimum wage is estimated to result in 83% of nursuries making a loss or only breaking even
• estimated that almost 1/4 of childminders are likely to close in the next year
• National day nurseries association

Question 14

how did the government survey suggest the minimum wage had affected productivity?

Answer 14

almost 70% said they saw no change in productivity

Question 15

in the hotel and leasure industry what % of respondents said a minimum wage had lead to a large reduction in profits? what is the source of this information?

Answer 15

• 38%
• 2019 low pay commision report

Question 16

what % of survey respondants in child care said that an increase in the minimum wage had pushed them to increases prices?

Answer 16

• 80% said they will push up fees in response to the rises in the national minimum wage

Question 17

what wage cap did jeremy corbyn suggest?

Answer 17

• suggested that ceos are paid a maximum of 20x that of the average worker

Question 18

what % of income tax is paid by top earners?

Answer 18

• in 2023 29% of income tax was paid by the top earners