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).
During the third step of the scientific method, when researchers test the hypothesis, they conduct <u>empirical research</u>.
<h3>What is the 3rd step in
scientific method?</h3>
Basically, the scientific method refers to the process of objectively establishing facts through testing & experimentation. It involves the process of making an observation, forming a hypothesis, making a prediction, conducting an experiment, analyzing the results etc.
The third step in the scientific method is the need to collect and analyze data, that is, the testing of hypotheses by conducting Empirical research by collecting and analyzing data.
Hence, when researchers test the hypothesis, they conduct <u>empirical research</u>.
Read more about Empirical research
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The victory at Cowpens gave the Americans more confidence.
The battle win completely turned around the American morale and gave them a renewed sense of confidence that they could actually go on to win the American Revolutionary War.
Answer:
Explanation:
if social problems are not controlled on time then it may eventually become serious and cause other problems