You're citing gross profits, when what you actually want to look at is net income, no? For 2022 that was about 6 billion.

So now we're talking about a 12.5% increase in wages, in exchange for the entirety of the net profits.'

The best part is that it is common practice not to give people full-time hours so that they don't qualify for benefits. So I imagine of those 2M employees, a huge amount aren't exactly getting a living wage even after that 12.5% increase.