This is a childish framing of the discussion and essentially a result of tribalism. People are less interested in discussing whatever the topics are at hand than they are yelling about which team they're on -- and in this case it's "Team Capitalism Vs Team Socialism"
It shouldn't be a one-or-the-other, it should be "How can we make our current system better" - period.
And if that means taking ideas from other systems, or tweaking aspects of your current system, then so be it.
When you make a topic more about an identity to be protected, you're less likely to listen to good ideas. There are wonderfully functional free-market economies out there in the world that allow for wealth-generation, property ownership, and private enterprise...all while tackling issues such as worker's rights, poverty, education, healthcare, and social support systems.
These systems aren't perfect by any stretch of course - but there are *some* things they're doing better than the U.S and it would make sense to look at how they're tackling these problems instead of dismissing everything that isn't corporate worship as socialism or communism.
For example - I believe in the power of the free market and don't believe there should even BE a minimum wage. However - I also believe that employees should have more rights than they do now (particularly the right to organize/unionize). The general working class should have more control over what is and isn't acceptable with respect to their treatment, and when they have that power - a federally mandated minimum wage isn't necessary.
BUT - in the U.S perhaps a higher minimum wage IS necessary. If corporations and lobbyists aren't willing to cede ground in allowing people to organize etc then they have no real power to keep corporate interests in check. Perhaps in this scenario a mandatory minimum wage is necessary.
On a very general note there is the benefits to literally everyone in society when that society itself is elevated; so improvements to education, healthcare, and systems in place for when people fall on hard luck -- are all things which maximize the general talent pool. If you want more people contributing to the greater good, and more talent available for medical, scientific, or cultural advancements -- you're going to want fewer people starving or just barely scraping by.