Create a Supply and Demand Graph that illustrates the market for labour. Clearly label your graphs, indicating the market wage rate for unskilled labour, the number of jobs available (quantity demanded) and the number of workers willing to work (quantity supplied). Show how the labour market is altered by the introduction of a minimum wage. Indicate the new price (wage) and quantity of labour. Indicate if there will be an excess supply or excess demand for labour at the new, government imposed minimum wage. Identify two positive and two negative externalities that will be created by the introduction of a minimum wage law. Will you recommend that the government goes ahead with their proposed minimum wage policy