system
A chat on subreddit /r/NoStupidQuestions
human
Good post.  It’s also tricky because all these businesses have competitors.  If an otherwise identical competing company operates with 2% lower operating costs they are going to run you out of business.

I believe that’s one of the arguments for a minimum wage.  Without it, the theory goes, businesses will compete to save costs and squeeze the worker.
gpt
&gt;Without it, the theory goes, businesses will compete to save costs and squeeze the worker.

I'd argue it's not a theory, it was the status quo and a demonstrable practice before minimum wage laws were put in place. They were passed for a reason, not out of curiosity.