> pay raise to match inflation (at a minimum) each year is mandatory by law So it's illegal to give someone a pay cut? I guess they lay them off instead, but

> pay raise to match inflation (at a minimum) each year is mandatory by law So it's illegal to give someone a pay cut? I guess they lay them off instead, but probably that is a legal issue too? Luckily going out of business is perfectly ok (I assume), as well as never starting a business in the first place.