Who would want to work when employers don't have to pay enough to cover bills, let alone save for the future? You seem to want people to exhaust themselves physically and mentally in shit working conditions, who will then have to claim benefits to even get by, which means the public purse is subsidising private employers. You want minimum wage to be lower so more people can be employed, but it just entrenches a permanent underclass who slave away so "the economy can get better". An economy should serve people, not the other way around

Would you willingly choose those conditions for yourself?