How high is too high for a minimum wage?

[Metaphorical]

6. I like to counter the argument with this

There are a lot of businesses out there that are only profitable because they pay subpar wages, while still clearing a healthy profit for their owners. Many of these are franchises, where the franchiser provides (frequently subpar) equipment, signage, and the use of related marketing material while taking a significant percentage of the profits. This gives them all of the benefits of having a store while incurring almost none of the costs, including labour, health care, or other benefits. If the franchise fails, they can even take a loss in taxes without actually losing money.

A minimum wage probably does kill barely profitable businesses, but that's the point. If a company is barely profitable by taking money that could go to paying workers a living wage, it shouldn''t be in business in the first place. Making a profit is not a guaranteed right, even though there are all too many people who believe wholeheartedly that it is.