Say goodbye to long textbooks! 🥳

Check out my IB Economics Revision Notes and  smash the exams! 👊😎

EVERYTHING you need to know and NOTHING that you don’t – put together by an examiner. 😉🤫

Show me those funky notes

Impact of minimum wage increase in California health care sector

CalMatters: California’s Health Care Sector Grapples with Rising Minimum Wage Costs

Article published: 13 November 2023

IB Economics Syllabus: Microeconomics (labor markets, minimum wage impact)

California’s recent decision to raise the minimum wage has significant implications for the state’s health care sector. This policy change, aimed at improving the economic well-being of low-income workers, also brings challenges for health care providers, particularly in managing increased labor costs without compromising the quality of care.

IB Economics (IA) Commentary Suggestions:

In your IA, you can look into the effects of minimum wage policies on the labor market within the health care sector. Utilize diagrams like the Labor Market Equilibrium (showing the balance between labor supply and demand) from the IB Economics syllabus. Discuss how the increased minimum wage can affect employment levels, wage costs, and the overall efficiency of the health care market. The key economic concept to focus on is equity, exploring the balance between fair wages and employment opportunities in the health care sector.

Source of image: Rich Pedroncelli/AP Photo

Do you need a little boost with IB Economics?

Check out my IB Economics Revision Notes (Study Guide)

Or get personalized help from an examiner: check out private lessons

Looking for more articles? Click here

Will you pass the exams?

Fill out the below quiz, and check out how much you know of IB Economics.

I’m taking the micro quiz

EconDaddy on TikTok!

If you would like to get useful exam tips, accurate definitions, solutions to exam questions, explanations, real-world examples, diagrams and more, stay tuned and hit that follow button!


@econdaddy Welcome to EconDaddy’s TikTok! I’m here to help you with all IB Economics related questions and to make you nail the exams! #econdaddy #ibeconomics #ibeconomicstutor #fyp ♬ Sunny Day - Ted Fresco