The market of labor force of food delivery is characterized by the chart below. The government decides to protect the citizens and establish the minimum wage on the level of UAH 5200

Wage

3800

4000

4300

4700

5000

5200

5500

5800

6000

Labor supply

10000

11000

12500

14000

14600

15000

15900

16400

17000

Labor demand

17000

16000

15000

14000

13000

12000

11000

10000

9000

How the minimum wage would influence the market of labor force (on business and on workers)?

What are the pros and cons of minimum wage implementing?

How the workers could mitigate these changes?