Currently inequality is high, companies are making huge profits and more and more money is going to the executives and shareholders of companies. If a company i

Currently inequality is high, companies are making huge profits and more and more money is going to the executives and shareholders of companies. If a company is making large profits and the minimum wage is increasd to a point where they are making a more modest profit it is still in their interest to employ the workers to keep making money. Also, read about labour monopsony power. There are other factors at play than just supply and demand that effect the price paid for labour.