Suppose a town forms around a coal or gold mine. Then the mines dry up, or demand for what they're mining dries up. There are no jobs and no reason for people t

Suppose a town forms around a coal or gold mine. Then the mines dry up, or demand for what they're mining dries up. There are no jobs and no reason for people to live there any more. If this community ceases to exist, is it a societal negative? And further, will a high minimum wage speed up or slow down the decline of this community?