The actors in the labor market workers(utility maximum), firms(profit maximum)and government(influence the supply and demand or change the rules of the game) Learning labor economics can help you have a better understanding of the real labor economic problems and predict the labor market outcomes3 The actors in the labor market: workers(utility maximum), firms(profit maximum)and government(influence the supply and demand or change the rules of the game) Learning labor economics can help you have a better understanding of the real labor economic problems and predict the labor market outcomes