Earlier quoted context omitted.
No no and no. Companies will find a way to make things work even if labour costs more. Every company and neo liberal says that same thing about regulation, employee wages, tax increases .... Funnily enough when those same regulations/wage increases/taxes come in they do not leave the market ... Strange. Edit: clarity Companies can and will adapt.
They do leave the market. Where did you get that idea from? My parents have extreme difficulty travelling now because they have a dog, but their local dog kennels have been closing down. When the last one went my mother talked to the owner. He said the rise in minimum wage was killing the business. People were willing to work there for lower than the new minimum because they love dogs basically, but customers weren't…
We have the same problem, "dog hotels" are too expensive. We just pay someone to come to our house a few times a day. A kid we know in the neighborhood, don't tell the government but they charge less than minimum wage! shock