There is a difference, to me at least in being paid $4 per hour for full time (40 hr wk) and $7+/hr. Companies that don't pay enough to support standard of living will encounter friction.
Like if I were to take some wood and make a guitar out of it. Take 500m sats of material and then sell that+creativity for 1bch - I've increased the money value of BCH by that much.
I'm starting to understand that when you create some value from some raw potential, you're actually literally creating money. A brain drain like minimum wage = less money in the econ.
There's a line of thought that goes - minimum wage is a price control which causes workers to neglect upping their skills to compete for wages. That brain drain = generally lower wages
