Not if people refused to work for such wages.
But, if they did accept such wages, they are presumably satisfied by them.
No wage law is needed. Let everybody find their own market for their labor and for their workkplace.
if you were desperate you would work for slave wages. if I was desperate I would to. there are a lot of people that are user and will take advantage of desprat situations. all you have to do is look at what happens in sweat shops and in third world countries, when there is no prorection in the work place.