There's a book on that out there that I'm dying to read but can't find anymore. Essentially, the argument is that with the collapse of the traditional "office work" structure and the rise of online work, there's a new underbelly that's here to stay in gig work, and that this will become the predominant type of work in the future (not necessarily poorly paid - some gigs are immensely lucrative). Basically, the adult worker of tomorrow will be largely independent, will have more income streams on average, will work online, and will be geographically mobile. The downside there, obviously, is that unskilled workers are going to be in a race to the bottom. In that type of economy they're even less valuable, and easy to hire for trivial wages.
Then Minimum wage is topped up with tax credits or be benefit, which I was actually rewarding the buisness not the individual but letting the buisness pay less than a living wage for those 40hrs