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).
Stefan Löfven, now Prime Minister of Sweeden, studied social work at Umeå University, but dropped out after a year and a half.
Then, he started a welding course and after Military service, he began his career as a welder and he started getting into unions and politics.
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This theory states that authority between the two levels of U.S. government, national and state, could be treated equally, live together equally, and hold roughly equal authority. Dual federalism has been nicknamed 'layer-cake federalism', since it imagines an obvious separation between state and federal duties.
Explanation:
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