Minimum wage doesn't destroy jobs immediately since at the margin it can still be profitable to pay the higher wage, but overall not be profitable when including existing investments. What this means is that slowly over time these investments will depreciate and not be maintained / upgraded, and no new investments will be made. The jobs will eventually disappear.
Also a worker is not worth as much as they bring in as increased profits, since you aren't factoring in the price of the risk. Workers don't bring in risk free increased profits. The associated risk reduces the value of any profits they bring in.
After the last of 16 mounting screws has been removed from an access cover, it will be discovered that the wrong access cover has been removed.