[soneil]

I don't honestly believe "we'll just end up paying janitors more" actually works out.

You pay teachers more, you pay policemen more, and your taxes go up. You start paying all the waitresses more, the supermarket workers more, the janitors more, your cost of living just goes up.

Wage isn't really an absolute, it's a ratio to the cost of living. So in response to all their food getting more expensive, their taxes going up, etc, you end up paying all your darling tech/finance workers more. Then you're right back where you started. You've solved absolutely nothing, you've just embiggened some numbers.