why don’t people realize that raising wage is not the solution? 

businesses end up hiring less, and many end up going bankrupt. https://i.imgur.com/1wNFZKJ.jpg

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I don't think it's quite that simple. I'll send through some links

The only problem is externality pricing.

Building https://negationgame.com

def not simple - but im seeing from many smb owners hiring significantly less and working more themselves. 

this was closer to a statement of a problem than an announcement of a solution ofc

Yeah definitely the case that increased wages decrease labor consumption

But sometimes union-like (and lobbyist-like) behavior is efficiency inducing

sometimes* 

if the company itself is not long-term competitive including the wage, then everyone loses their jobs in the end no?

https://www.thedailybeast.com/cheats/2009/04/20/how-the-uaw-killed-detroit

for sure. but remember that things like child labor are long-term more competitive from the company level but not from the country level