To be clear, I mean they could make it work, they just won't do it for cultural reasons. Perfectly happy to pay management and consultants well, but unwilling to even consider it for the rank and file.

Some studies on minimum wage increases have compared businesses across state lines, where one state has increased the minimum and the other has not. At least some of the time, the increase appears to benefit businesses, as they had high employee turnover, and hiring does cost money.