That is the significance of Biden’s imposition of the $15/hr. minimum wage - it is an attempt to homogenize labor costs and take away advantage that has gone to predominantly red states. The problem for Biden is - that it is not just labor costs that are moving firms out of CA and IL and other deep blue places. In IL it is the staggering cost of the public employee pension system and its underfunding. The only solution to that is to tax anything that moves and everything that is fixed inside the state of IL. Businesses really have to think 2x about locating fixed assets inside of IL, and that is why the Foxconn facility in Wisconsin is just slightly north of the border.
And at some point there is a convergence between rising minimum wages and falling costs of automation that is capable of doing minimum wage work (24x7, no health care costs, no FMLA, no....)
I know. Moving 4 miles up the road is tragic. Lol.