http://slideplayer.com/slide/4163051/13/images/24/Minimum+Wage+In+this+example+the+market+wage+is+lower+than+the+minimum+wage.+Consequently,+the+minimum+wage+is+binding+here.+More+people+want+to+work+than+employers+are+willing+to+hire+at+this+wage,+consequently+we+have+unemployment..jpg