what is the effect of minimum wage because of coronavirus in the labour market with the information given below.

In October to December 2020, the rate of annual pay growth was positive 4.7% for total pay and positive 4.1% for regular pay.

Figure 7: Annual growth in total pay was 4.7% and regular pay was 4.1% in October to December 2020

Great Britain average weekly earnings annual growth rates, seasonally adjusted, January to March 2001 to October to December 2020

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Figure 7: Annual growth in total pay was 4.7% and regular pay was 4.1% in October to December 2020 Great Britain average weekly earnings annual growth rates, seasonally adjusted, January to March 2001 to October to December 2020 10 5 0 -5 -10 Oct to Dec 2004 Oct to Dec 2008 Oct to Dec 2012 Oct to Dec 2016 Oct to Dec 2020 - Total pay (nominal) - Regular pay (nominal) - Total pay (real) - Regular pay (real) Source: Office for National Statistics - Monthly Wages and Salaries Survey