Explain how scarce jobs are allocated when a minimum wage is in place

What will be an ideal response?

If a minimum wage is set above the equilibrium wage, the ability of the competitive market to allocate resources is thwarted and other means must be used. Sometimes the method used is first-come, first-served so that those who are first in line to apply for openings are given the jobs. Other times discrimination is used so that those from favored groups are allocated the jobs.