I think the point of the article certainly is that hoping and wishing will not result in higher wages. Unless the higher wages lead to better outputs [[efficiency-wise), the company paying higher wages will have their lunch eaten by those who build the product more cheaply. You just can't mandate your way around it.

An example on a smaller scale is this story from San Francisco. Is there anyone who things that a 10% increase in prices won't result in lower sales, and ultimately, less of a need for employees? The same is true for cars.


http://www.eater.com/2015/7/10/89310...o-minimum-wage


San Francisco Chipotles have seen their prices go up by an average of 10.5 percent, compared to an average 0.5 percent increase at locations in other cities. Sharon Zackfia, analyst for investment firm William Blair, said in a report the steep San Fran increase is no coincidence.
"We believe the outsized San Francisco price hike was likely because of increased minimum wages [[which rose from $10.74 per hour to $12.25 on May 1) as well as scheduled minimum wage increases in future years."