Anyone arguing that businesses are “entitled” to cheap labor are arguing the case backwards.
Some jobs that certain humans perform are not worth very much money to an employer. If the state tells the employer they can’t pay someone that meager a sum, then they simply won’t hire a person to perform just that job. They will hire someone for more money to do that job plus something additional to make it worth hiring the person, or they will find a way to automate out or contract out that portion of the work.
Yes, if a business is not successful in managing around a government wage minimum then they will lose money. Companies are mismanaged all the time. But the general economic theory is based on rational actors, and at the macro level that is the effect that has been observed.
Some jobs that certain humans perform are not worth very much money to an employer. If the state tells the employer they can’t pay someone that meager a sum, then they simply won’t hire a person to perform just that job. They will hire someone for more money to do that job plus something additional to make it worth hiring the person, or they will find a way to automate out or contract out that portion of the work.
Yes, if a business is not successful in managing around a government wage minimum then they will lose money. Companies are mismanaged all the time. But the general economic theory is based on rational actors, and at the macro level that is the effect that has been observed.