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VGPolyglot said:
I see a lot of people say how there'll be businesses that go bust if they have to pay their workers a higher wage, but the question is, is that really a bad thing? I'm sure there were businesses that relied on slavery that went bust too once it was abolished, should we have kept slavery legal to ensure that didn't happen?

The employees have a choice of other employment or entitlements. They aren't slaves. The comparison doesn't work because no force is used against them and no one owns them.