The supply curve corresponds to the supply of labor and the demand curve is the demand for labor. The wage is set at W_min, a level higher than the market clearing wage W₀, that would prevail in an unregulated labor market. As a result, those workers who can find jobs can obtain a higher wage. However, some people who want to work would be unable to do so. Thus the policy results in unemployment of L₂ - L₁ & in deadweight loss given by the triangles B and C.