Governments apply a Minimum Wage policy on Businesses to ensure the employees working for the businesses do not get exploited and get paid fairly. The trade off here is that with the Minimum Wage law in effect the businesses would face an increase in labor costs, since they gotta pay them more than if there was no Minimum Wage law, and businesses would lose out on some profit due to this increase in labor costs. To reduce these costs businesses might let go of some employees, either by firing them or making them redundant (either way the employee is losing the job) and this increases the Unemployment Rate in the country which the government does not like, as one of the government’s aims is to keep the Unemployment Rate low in their country but with their Minimum Wage law in effect they keep the businesses in check to ensure they don’t exploit their workers but they end up increasing the Unemployment Rate due to Businesses trying to retain (get back) some of their lost profit (that they lost due to the government’s Minimum Wage law).
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Psychologists use mathematical tools called <u>statistics</u> to analyze, organize, interpret, and present data about human behavior.
<h3><u>Describe a psychologist.</u></h3>
A psychologist is a licensed mental health expert who teaches people how to manage their mental health issues in healthy ways. They can help people who are coping with particular conditions like depression or anxiety as well as those who are going through challenging events in life like grieving the loss of a loved one.
They must finish years of education and training in order to be certified to provide a range of mental health services. Years of school and training are invested in the careers of psychologists. People who are interested in this field should expect to complete 4 to 6 years of full-time education after earning their undergraduate degree.
Learn more about psychologists with the help of the given link:
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