To have been in a country where there are "high" minimum wages, the low value added jobs are the first going away because they're too expensive for what they are.
The opportunity cost of a service is the limit for which one would be expected to pay for it. If forced to pay $1,000,000 to have someone clean your bathroom, you'd end up cleaning it yourself.
Grocery stores have something like a 1-2% margin, and people are often price-sensitive when shopping for food. So they'd have trouble raising prices. Probably they'd try to depend on self-checkout machines more. I imagine fast food companies like Taco Bell would lose sales.
High-margin software companies wouldn't care about the cost of their janitors, like you suggest.
> High-margin software companies wouldn't care about the cost of their janitors, like you suggest.
The CEO might not, but an enterprising facilities manager would certainly try to cut expenses by replacing the pleb who vacuums the hallway with a plus-size Roomba.
