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wireman

Question on Market Failure

I'm doing an Extended Essay on the economics of maid-servants and was wondering if the market for female domestic maid-servants was an example of a market failure. There is one prominent characteristic about this market. The government has set a minimum wage and has also legislated that there is a fixed amount of hours a worker can work. However, this is not being followed. Most domestic workers dont know about this. Which is leading to the misallocation of the service. Can this be considered as a market failure?

Thank you.

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Externalities are just one type of market failure. I was wondering if anyone could tell me if the above scenario could be counted as market failure because one of the determinants is "lack of information"

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