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.
Robot staff may already outnumber humans at some companies, but increased automation doesn't mean everyone will be out of work. By. Take a look around any workplace, and itâs hard not to see the radical transformations revolutionizing the way we work.