National Living Wage Flashcards
1
Q
Who benefits most from an increase in the National Living Wage?
A
Low-income workers, as their earnings increase.
2
Q
What industries might be most affected by a higher NLW?
A
Labor-intensive sectors such as retail, hospitality, and manufacturing.
3
Q
How could the government mitigate potential unemployment caused by a higher NLW?
A
By offering subsidies to small businesses or investing in worker training.
