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.
*The minimum wage rate will increase again in 2016 to $10.00 per hour; and, again, in 2017, to $11.00 per hour. The service rate will increase to $3.35 and to $3.75, respectively.**Effective January 1, 2015, the agricultural workers minimum wage will increase to $8.00 per hour.The minimum wage rate will increase again in 2016 to $10.00 per hour; and, again, in 2017, to $11.00 per hour. The service rate will increase to $3.35 and to $3.75, respectively.