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.
By 2020, average salaries in the robotics sector will increase by at least 60% â yet more than one-third of the available jobs in robotics will remain vacant due to shortages of skilled workers. 1  For every job created by automation, several more will be eliminated entirely.