Capitalism, run rampant (ie, Randism) doesn't work. No minimum wage will ever work, because the old network of the 1% controls the system.
We (in the west) have deluded ourselves long enough - the "American Dream" is now a fantasy. Yes, you can scratch your way into a decent wage-bracket, but let's face it. We are mostly just wage slaves, and have the same life as the peasants have always had. It's just in a prettier package, and we can delude ourselves into thinking we are all equal. ahahahaha!