> Minimum wage destroys job opportunities for low skilled workers, who are already heavily marginalized in society. And once they are out of the job market, it becomes even harder for them to return to it.

That's why you create unemployment benefit, preferably in a way that does not discourage going back to work.

This way, works with starvation wages don't exist, and low-skilled workers have a chance to prepare for their next job (and even to be a bit picky). In my view this improves the job market much better than a race to the bottom in working conditions and salaries.