It can't even fucking figure out how to fundamentally avert global disaster or total ecological destruction. It basically can see three months into the future.
So I hate to tell you, your supply/demand curves may look second-nature, and the pirates dilemma may let you sleep at night with the current distribution of wealth, but it doesn't represent chaotic, nonlinear, fly-off-the-rails reality.
https://en.m.wikisource.org/wiki/The_Wealth_of_Nations/Book_...
An enterprise which cannot pay the full cost of its inputs isn't an economically viable activity. It's a charity benefiting its owner.
More on Smith regards wages: https://www.reddit.com/r/dredmorbius/comments/2311mb/adam_sm...
This ought to be obvious if you look at who spends the lobbying dollars, but the idea spread by business lobbies that it kills jobs is one self serving lie that has persisted.
This has been empirically verified (Katz/Krueger) though that's not never covered in econ 101.
Minimum wage is an arbitrary price control on labor. Price controls are always a bad idea in economics.