fatvegan

On the disadvantages of having a minimum wage.

Tending to increase the competitiveness of slave-based businesses and sweat shops that operate illegally, and can therefore outprice legal industry rivals that are compelled to pay unskilled labor at a minimum wage. Wikipedia

So the idea is that our wages have to competitive with slavery. Last time I checked slavery didn't pay that well. Australian wages could drop quite a way before we become "internationally competitive".