Yup!

But capitalism is a dogshit, self-destructive and nonsensical system. At best, well made regulation can hold the worst of it at bay.

In reality though... Well, we can just look around to see why a bandaid isnt a fix.

£12.21 (16.21USD) per hour in the UK. At least outside of London its pretty good but online comments about it are so dominated by those in/near London that you would get the impression its impossible to live here on those wages. I didn't have any problem with minimum wage in the south west and I was only working 30 hours a week - still saved up several thousand a year.