I have a friend who owns a quality restaurant, doing very well. He does not open on public holidays because if he does he has to pay his chef $1000 for the day.
I have another business friend who has just returned from a quality resort in the Philippines. He reports that $1000 would employ a whole host of staff there for a month.
ergo, the Australian restaurant stays shut, and employs nobody. The Philippine resort stays open and employs dozens.
Yes, I know all the arguments, but the bottom line is inescapable.