Explain the implications of distorted labor markets in some professions for welfare and inequality in the economy. the policy measures that should be taken to address the distortions.

Reade the two articles below (HW6Reading1 and HW6Reading2, links to the articles provided below). You are not required to read the econometric part of HW6Reading2 but you should read the whole of HW6Reading1.
Write a report discussing:
labor market distortions analyzed in the articles.
the implications of distorted labor markets in some professions for welfare and inequality in the economy.
the policy measures that should be taken to address the distortions.
By labor market distortions, we mean interventions that limit competition in the labor market in a way that creates monopoly power by workers.

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