Your second argument is just, not a real argument. It ignores why the minimum wage could be raised. Subsidies work when other places of the economy can provide said subsidy. When the rest of the economy starts to suffer the subsidy can no longer be provided and the economy collapses - the USSR is a great example. The economy couldn't sustain itself, it collapsed. Now you want to raise the minimum wage, whenever the fed is pumping billions into the economy. The value of the dollar would plummet and inflation would go out of control.
> Right now, the taxpayers are subsidizing jobs anyway: 70% (!!!) of SNAP/food stamps or Medicaid recipients work full time, with McDonald's and Walmart being in top spots (https://www.cnbc.com/2020/11/19/walmart-and-mcdonalds-among-...). These companies could also pay their workers a living wage and provide them with medical insurance and still be profitable!
The reason this works is because cheap foreign labor/goods can subsidize walmart paying potential higher wages. If, globally, this minimum wage was mandated, walmart would not be able to afford it, no.