Korea raises minimum wage 2.9% to 8,590 won for 2020 July 12, 2019 (The Korea Times) The Minimum Wage Commission, involving labor and business representatives and experts, set the minimum wage at 8,590 won (US$7.32) per hour for next year (2020), compared with 8,350 won for this year (2019). The growth rate sharply slowed from a 10.9 percent rise for 2019 and is the slowest gain since the minimum wage for 2010 rose 2.8 percent. For 2018, the hourly pay rose 16.4 percent on-year to 7,530 won per hour, the steepest rise in 17 years. Question 1. Suppose that the market for unskilled labor is a perfectly competitive market and the equilibrium wage in this market is 8,000 won per hour in 2018, 2019, and 2020. Using a supply-and-demand diagram of the market for unskilled labor, show (1) the size of employment in 2018 ( ), (2) the size of unemployment in 2018 ( ), (3) the size of employment in 2019 ( ), (4) the size of unemployment in 2019 ( ), (5) the size of employment in 2020 ( ), and (6) the size of unemployment in 2020 ( ). Draw one big supply- and-demand diagram of the market for unskilled labor in page 3 in this assignment and show (1) ~ (6) on the graph. (7) ~ (9) What are the market wages in 2018, 2019, and 2020, respectively? (Please write number only (no comma and monetary unit (won).) (7) The market wage in 2018: (8) The market wage in 2019: (9) The market wage in 2020:

could you tell me where is the employment and unemployment section on the graph?