What is exactly your point ?
The problem with you people is you think macroeconomy is micro multiplied by N and that such things as externalities are non existent entities.
IF a couple of kids decide to work for 2,500 there-is-no problem. BUT ( and this is a big BUT ), if the only choice for 50 million people is to work for $2,500 then you have a very big problem, specially when salaries are decoupled from productivity.
What exactly do you think triggered the Rusian , French and Mexican revolutions ? Great working conditions for the masses?
And who exactly will purchase all those goods and services produced with ultra low wages if no one has the income to purchase them ? huh? Have you ever taken a look at the cyclical model of economy ?
And who in this country has "no choice" but to work for $2,500? Answer... None. Yeah, if we make up magical limitations, ok you have a point. In the real world, such limitations do not exist.
You realize that roughly 75% of all McDonalds store managers, and franchise owners started off as minimum wage hourly workers?
If you stick with a job, and work your way up the ladder, you can easily make far more money.
The people who stay at the bottom, generally are there by choice.
For example, when I worked at Wendy's a lady came in, and told all of us, in front of us, that she was only there to work until she could get back on welfare. On the day she said she qualified for welfare again, she stopped showing up for work.
Now that lady, will be at the lowest income bracket for life, and it's her fault, and she deserves it. She is there by choice, and she *SHOULD* get minimum wage... in fact she should be paid a faction of minimum wage.
And I've known dozens of people just like this. Literally. By the way, that even includes myself. I could be a store manager by now, I simply didn't want to do the work. The reason I earn the wages I earn, is because I made choices to that effect. The difference myself, and all these others here, is that I accept it, while others think they are entitled to more.
There are literally millions of jobs for people who want to earn more money. They simply refuse to work. You can buy a $50 lawn mower, and make $30,000 a year easy, just depending on how much you want to mow.
If it's that easy, why don't more people do it? Quite simply... they don't want to work.
And that is my main point. The people who work for very little, do so with few exceptions, by choice. Anyone, and I mean anyone, can earn more money if they want to.
They don't want to. Well, they might 'want' to, but they don't want to do anything to earn more. They simply want more for doing what little they do.