In an involuntary termination, an employer fires the employee or removes the employee from his or her job. An involuntary termination is usually the result of an employer's dissatisfaction with an employee or an economic downturn.
While a higher minimum wage induces some automation, as well as increased worker productivity and higher prices, it simultaneously increases worker purchasing power. In the end, the costs of the minimum wage will be borne by turnover reductions, productivity increases and modest price increases.
Geber86/Getty Images This yearâs People Magazineâs list of Companies That Care includes 50 companies with top ratings from the research fi... Smart Automation Poses New Challenges to the Job Market. Image Credit: iLexx/Getty Images There are two things we know for sure about how automation impacts jobs. First, we know that some of the work being d...