I believe that everyone should be paid in wages and benefits to be able to live on it. I just know that raising the minimum wage doesn't accomplish that. The greed and sucking up of profits and bonuses by those at the "top" of corporate ladders far outweighs any concern and loyalties to the workers.
There was a time when companies felt a responsibility to their workers and the workers to the company. The workers' loyalty lasted far longer than the companies' did. Now the only loyalty a company seems to have is to the bottom line. Granted, there must be some exceptions to this out there somewhere. Danged if I know of any, tho. As so many have said, there must be a better way. I have been interested in employee owned businesses, and wonder how those work out in the long run.