JJ2020,
I presented a very simple example to demonstrate that government-mandated wage increases don’t automatically translate to a higher standard of living for all. You can lecture a “good business owber” about innovation, negotiation, “track margines” and “all kinds of stuff” but success ultimately comes down to profit. Increasing wages by 50%-100% will seriously eat into that profit and have undesired consequences. It’s obvious that you and the other proponents start with the premise that business owners are “rich and greedy” and need to be punished for exploiting the working class. That’s not capitalism, that’s communism and we all know what a successful economic model that turned out to be.