Economics class: UK price rises outpace wage growth despite labour shortages
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
Economic growth, economic development, inflation, wages, real wages, unemployment
Click to read the article below and then answer the questions:
UK price rises outpace wage growth despite labour shortages
What is meant by inflation?
What is meant by real wages?
What is meant by wage growth? Is it increasing at the same rate as prices? Explain your answer
Evaluate the impact of rising prices on real wages
Evaluate the impact of rising prices on standards of living and economic choices
Noaf Al-Diraa, Alperton Community School
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