This is something that was also said by the judge in the 1907 Australian Harvester Decision which set a set a ‘living’ or ‘family’ wage.
It was ruled to allow an unskilled labourer to support a wife and three children, to feed, house, and clothe them.
This became the basis of the national minimum wage system in Australia that persists to this day, that a minimum wage should allow a 40 hour work week to feed, clothe and house a worker and reasonable immediate dependants.
> resulting in people eating bugs, sleeping in concrete tube "pods", getting paid a dollar an hour, and dying alone.
Well, here we are in Australia, 115+ years on and this is still yet to happen.
Any ideas on when your predicted outcomes will kick in?