how to divide the profits

Lets say that I have a company that makes 1 million dollars of profit.  I could hire 16 employees at $50,000 and pay myself $200,000.  It is justified because I am taking the risk and making the innovation.  Or, I could hire 20 employees at $10,000 each and pay myself $800,000.  How is that salary justified?  Because I can call myself a job creator.  We need to create jobs at any cost?  Or we need to create jobs at the least cost.  Which is better for me and which is better for America?  Screw it, abolish the minimum wage and let me hire people at $1 and then praise me for all the people I can "employ".