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See most nations outside the US
Then wages can be set to match the establishment and expected level of customer service.
I've eaten at restaurants outside the US and prices are not ridiculous. However, US businesses assert they'd need to be. If it's truly going to set prices outside the affordable range for US customers I'd like to compare restaurant balance sheets inside vs. outside the US. What is costing US restaurants so much money that they have to pay their employees so poorly?
I think you are giving business owners too much credit with your questions. Businesses and the rich like to spread FUD that anything taking any money from their pockets will destroy the economy.
Much like Covid showed us that working from home was totally doable for many office jobs, I’m sure some some forced elimination of tipping would show that it’s completely possible to adjust to that change.
I’ve already responded to your comment in my comment that you’ve commented on.