"If this causes less business entrepreneurship, then so be it. A business that cannot pay employees is not a business that adds value to society, and nothing of value is lost. This is a fundamental tenet of capitalism, the same way we say that businesses that cannot sell their product also deserve to fail."
This is a false and dangerous, in that it ignores that the world isn't a free market, wage markets don't exist in a vacuum. Businesses might be able to pay higher wages if they weren't hindered by high rents, or if other restaurants raise prices in unison (e.g., in reaction to higher labor prices).
Just because a business can't pay a living wage in some setup doesn't mean it has no contribution.
This is a false and dangerous, in that it ignores that the world isn't a free market, wage markets don't exist in a vacuum. Businesses might be able to pay higher wages if they weren't hindered by high rents, or if other restaurants raise prices in unison (e.g., in reaction to higher labor prices).
Just because a business can't pay a living wage in some setup doesn't mean it has no contribution.