You're totally missing my point. By the time you are old you should have acquired a valuable skill.

That makes absolutely no sense. Of course minimum wage expands to mean "the minimum wage that some entry-level person should be required to receive." Entry level means young. That's exactly who the law should be for.

After entry level, it's up to the individual to level up and improve their employability and work their way up. At least that's the way it used to work, and boy did it work. Nowadays everyone wants the payday without having to put in the effort.