No, not in the slightest. Take strawberries: an additional 5 cents per pint would increase picker wages by 50% [1]. Businesses minimize worker pay both because they can, and because there is a collective action problem that needs to be solved by the government. Wages for fast-food employees are similar. viz the raise in minimum wages in Seattle which, contra all predictions from conservatives, has not driven restaurants out of business. See eg study suggesting a minimum wage of $15 for fast food workers would increase customer prices by 4.3% [2].
[1] http://www.ufw.org/_board.php?mode=view&b_code=res_white&b_n...
[2] https://www.purdue.edu/newsroom/releases/2015/Q3/study-raisi...
