A discussion about the process, steps and options of starting a new business

I just did a post on one result of the new federal minimum wage increase: Laid-off employees.

We refer to it as giving someone the "pink slip".

What exactly is a pink slip, and how did we come to use that term in business?  Wikipedia gives us the answer:

"Pink slip refers to the practice, by a personnel department, of including a discharge notice (printed on pink paper) in an employee's pay envelope to notify the worker of his or her termination or lay-off.

The term dates from 1915; originally the color of the paper had no particular significance. In the UK the equivalent of a pink slip is a "P45".

And now you know.  If you have to lay-off employees because of the new minimum wage requirements, at least you can share the interesting history of employment termination with your former employee...