Correlation is not causation. It would be illogical to remove options and have less exploitation. When luck and free markets compensate for the removed options - great. A strong labor market with lots of employers is the best tool against exploitation. But here we are talking about a corrupted, monopolistic government-controlled market where there weren't many choices to begin with. New entrants should be encouraged and celebrated, not shunned and punished.
Minimum wage laws are incredibly damaging as well. For example, the unpaid part-time "job" that launched me in the IT field would be illegal now. And I would be much poorer for it. But, hey, I wouldn't have been "exploited".