I wouldn't go so far - I would just raise the minimum wage to a level where a person can actually make ends meet.

Sure some folks would be fired, and their jobs automated, but they could be redirected towards better paying opportunities.

If all else fails, then the money saved by such approaches could be used for welfare. It's just putting things from one pocket into the other for the government.

As things stand, these corporate subsidies are just for enshrining inefficiencies in the system.