Except the 2 dollars will spiral down, like wages always do when there isn't a minimum.
"ou decide that is too expensive, and replace the employee with an answering machine."
well then, raise your rates. If you industry can't handle you raising your rates, well then the answering machine is good enough after all. Meaning the value add of it being a actual human is too low to bother.
We put that 'burden'* on industry because thats where the money is.
Maybe we should just tax at 90% all profit earned over a billion dollars?
Society and economics ONLY work well together when money is moving.
It's not like that money isn't going to come back to the corporation again.
Income is important for industry to grow on the market.
*as if striving for a balances and healthy society is some sort of burden...