If that were truly the case then why not make the minimum wage 50.00 per hour?
Uh, because $50.00 per hour is not the minimal amount it takes for a person to keep body and soul together? Really, what you said is sort of a “Squirrel!” argument. We live in a society where things have a general cost - a utility bill, apartment rent, a basic car note, a loaf of bread. So why would you ignore reality to make a specious and unrealistic statement?