> Essentially, your statement singlehandedly destroys minimum wage arguments. "If I could pay less, then I could be profitable, otherwise I am not profitable an

> Essentially, your statement singlehandedly destroys minimum wage arguments. "If I could pay less, then I could be profitable, otherwise I am not profitable and thus won't hire anyone." Yes, it does. Minimum wage laws are not good economics. We would be better served scrapping them and instituting a basic income to ensure a quality-of-life floor instead.