If an employer is willing to pay someone $5/hour and that person is willing to accept $5/hour, why are you opposed to allowing this?
Say, if labor costs go above $5/hour, it would be cheaper for the employer to buy a machine to replace the worker. Would you prefer that alternative to someone earning $5/hour?
Have you ever tried to make ends meet on $5 an hour? You sound like a former governor of my state. If the surrounding economy was geared to the lower wages it would be one thing but you and I both know it isn't. The economy is geared for profit, as much as possible, as quickly as possible. That's one of the reasons illegal aliens are so popular as workers. No benefits, less than prevailing wage and if one drops out there's always another to take his or her place and the bottom line is secure.