Who are the key Actors in the Labor Market?

Construct a diagram to describe an equilibrium in a labour market. Clearly label the axises and the key points in your diagram and suppose that the government imposes a minimum wage which is higher than the equilibrium wage occurred in the diagram of the equilibrium labour market then how would the market be affected? draw a diagram to describe the effects of this policy suggest a possible strategy that the government could use to try to solve the problem and sketch a diagram of how your suggestion would solve this problem and then point out the differences between the ultimate outcome of this labour market shown in possible strategy the government would use and the initial equilibrium shown in the diagram of the equlibrium of labour market

Preface: The following information applies to the years 2011 through 2015 In recent years the press and the manufacturing industry have been constantly writing about a supposed "skills-gap" in the American workforce. The premise propagated by the press and manufacturing executives is that there are hundreds of thousands of unfilled positions in the manufacturing sector because employers simply can't find workers with the necessary math or technical skills to fill the positions. The press and the industry have blamed a wide variety of factors for the supposed shortages, such as blaming the public educational system for not preparing workers with the right technical skills, purporting that younger generations do not want to work in manufacturing because of a perceived stigma associated with manufacturing jobs, and they have also stated that younger generations do not want to work in manufacturing because it is perceived as highly volatile and susceptible to the ups and downs of the…

If there is an increase in productivity or an increase in the demand for the final product, what is the impact in the labour market? The labour demand curve will shift left. The labour supply curve will shift left. The labour supply curve will shift right. The labour demand curve will shift right.