But there are other potential inducements to attracting business & industry.
The USA is a fairly honest & stable place to do business. The lights stay on 24/7, usually. Water & waste disposal are reliable. Transportation & communication is unrivaled in the world.
No we can't compete with Asian nations making underwear & stuffed dolls. Who cares? But we COULD compete in hi-tech items, IF the gov’t would get the hell out of the way, stop subsidizing some businesses at the expense of others, & stop pretending they know what is best for American business.
Shouldn't be a problem now that the Republicans control the House.
Still I don't understand why you chose to ignore the union labor rates the crush our exports, and instead focus on the minimum wage, which is applied to employees at Walmart, McDonalds, ...