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 findings were grim for advocates of a higher minimum wage. Called The Effects of a Minimum-Wage Increase on Employment and Family Income, the report found that an increase to $10.10 per hour would lift 900,000 families out of poverty â but at a cost of 500,000 jobs.