The tutor2u blog has a good article on the latest increase in the NMW and its impact on the market failure of unequal distribution of income
http://www.tutor2u.net/blog/index.php/economics/comments/minimum-wage-is-increased/#extended
The BBC has more details
http://news.bbc.co.uk/1/hi/business/7279199.stm
a) to what extent might the increase in the NMW redistribute income towards the poor?
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