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Genuine question: why do some countries have a larger min wage and make money fine but not in Canada or the US?

For instance in some countries the minimum wage is $23/hr or something, and the price of their food is almost the same as in another country where minimum wage is $7 or $15 an hour and said companies will complain that if the wage is higher they won't make money. I'm certain it's just greed but I can't really find an answer. Is there a legit reason for this like shipping or manufacturing or is it literally just greed?


For instance in some countries the minimum wage is $23/hr or something, and the price of their food is almost the same as in another country where minimum wage is $7 or $15 an hour and said companies will complain that if the wage is higher they won't make money.

I'm certain it's just greed but I can't really find an answer. Is there a legit reason for this like shipping or manufacturing or is it literally just greed?

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