Catatonic
Nine Lives
I don't remember that from Business 101 but I agree with your sentiments.It's called the price of doing business. If you can't pay your workers a livable wage and make a profit, then maybe you are in the wrong business.
I think maybe a better statement is - If consumers are not willing to support the development of a product or service provided by workers making at least the minimum wage, then they should not have access to that product or service.
The consumer is the problem when it comes to minimum wage issues - IMO.