I'm actually not ignoring anything. You might be ignoring that if customers aren't willing to pay higher prices, then businesses can't just double the lowest-paid employees salaries either. It's not that complicated.

You might want to argue that the execs or owners should just take lower salaries to compensate for the higher costs of paying higher low level salaries, but that's not your decision. Here in the real world, they will just do whatever they see fit. If the business owner wants to take out as much money as he possibly can, it's his prerogative, because he actually owns the company. He started it and worked really fucking hard to make it successful.. and so on.

Note that even a filthy rich company owner is actually giving people jobs and livelihoods with them. How many people have you employed lately?