I've thought about a similar question: what happens if there is no minimum wage? If people are already struggling when being paid the minimum wage, what happen

I've thought about a similar question: what happens if there is no minimum wage? If people are already struggling when being paid the minimum wage, what happens if business are able to lower it even more? Yeah I get the dynamics of supply demand are supposed to work here, but it just feels like at some point it's not worth people's time to work for such a low wage and they just give up and go on the dole. I also wonder if in some perverse way, a minimum wage does some harm to workers. Basically the thinking goes like this: companies that are looking to hire labor at these pay levels don't really need to compete for the labor because they know all of their competitors are going to be also paying the minimum wage. The resulting effect is stagnant wages that never go above the minimum wage because everyone knows they only ever need to pay that. Anyway, I support concepts like the minimum wage which are well intentioned, it's probably just time we reevaluate how to help low income workers achieve more financial security. PS: didn't read the article, just wanted to get my thoughts out there real quick while on lunch break.