The other consequence is many of the people who lose their own setup are eventually absorbed in the big box system as low-skill employees getting paid the bare minimum wage.
But the concern is, we've seen it year after year, that the short-term funding for a two or three-year project and then because it's not new, it loses the funding and the skill is how you re-describe the project so you carry on getting the funding.
In industry after industry when minimum prices are set on labor either capital ends up getting substituted through investment in labor-saving technology or low-skill jobs move overseas.