What passes for logic…

Is it just me or can other people see the flawed logic here? Pay rates industry wide are rising and one employer is saying he is going to be priced out of the market. Ignore the fact that cleaning conmtractors are akin to slave labour and that it is a cow of a job, how is the fact that all employers are going to be subject t0 this extra cost going to send just this one to the wall?

If his business is so poorly run that paying his employees a bit more (along with eveyone else in the industry) is going to send him broke then maybe he should look for another job.