Sure, but a company doesn't have some mystical right to exist with a below market clearing comp package. Assuming no other factors, the correct solution here is

Sure, but a company doesn't have some mystical right to exist with a below market clearing comp package. Assuming no other factors, the correct solution here is for the company to fold and be replaced by a company that is more efficient. Instead, we have companies complaining about a shortage (that they've created via low pay) and demanding action (more immigrants, or whatever else).