I did say better talents for the same wage... So in effect people who normally should be paid above minimum might settle for minimum kasi daming nagaagawan sa trabaho... And it also gives us leverage to be picky...
like now there's an oversupply of nurses
you can hire a nurse to take care of an elderly family member and pay her below what she would get paid if she worked in a hospital
you get the talent of a nurse but below the cost of a nurse