That is what we are doing now
The taxpayer makes up the difference in low pay and subsidizes rents, food and healthcare that an employer used to pay
Our society has changed. It used to be a low skilled worker could support a family on the wages being paid. They didn't live well, but could provide the basics
Employers no longer do that and keep the added profit while taxpayers support their workers
1. How long can a business stay open if it is forced to pay workers $15/hr for work that contributes $5/hr to the bottom line?
2. Why should a business subsidize society's responsibility? If society demands that every person receive a guaranteed income, then it should write legislation, raise taxes, and make up the difference between worker pay and the arbitrary level.
3. Those low skilled, high paying jobs simply are no longer. They have been replaced by automation that doesn't take sick time, doesn't work 8 hours then quit for 16, doesn't go on strike, never has a bad attitude, and does a better job.