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Understanding Wage Stagnation in the UK

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9.1 The wage-setting curve, the price-setting curve, and the labour market

In addition to looking at your credit, lenders want to know about your income. They ask about it on most loan applications, and insufficient income is sometimes used as justification to deny a loan application. Lenders — but not credit scoring models — use information about your earnings in several different ways.

As you can see, your income is an important factor in getting approved for a loan. The Balance uses cookies to provide you with a great user experience.

Higher minimum wage means restaurants raise prices and fewer employee hours, survey finds

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  • The Economy: Unit 9 The labour market: Wages, profits, and unemployment.
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