First off, let me say that I agree with your point - I am against the business subsidies of low wages.
But I think you're envisioning a very small subset of Socialism, specifically the subset applied to Communism.
I'm a full blown Socialist as far as my own business goes, since each employee owns a full quarter of it and (generally) earns 1/4 of the profits from it. Yep, that form of Socialism is basically Capitalism with joint employee ownership (yes, you still sell your goods and make a profit). In fact, this is the original form and probably clearest form of what Marx meant by Socialism. Where it got mucky is when merged with Communist doctrine where instead of profiting from the goods, you basically barter them for other goods. This got morphed even further with Lenin/Stalin-ism where the state just takes your excess production and distributes it as it pleases.
I also work for a full blown capitalist company with a multimillionaire CEO and peons getting paid much, much less (but still a comfortable amount, since I'm salaried in a tech company).
In any case, people seem to think Socialism just in terms of Communist doctrine and not that it spans between Capitalism and Communism depending on whether the goods are sold or traded for other goods you (hopefully) want. Since Marxism is a total pipe dream, I'd have to say I'm anti-Communism, since the "Socialism" practiced in other forms of Communism means the state takes your goods and redistributes them as it chooses and gives you what it thinks you want.