The idea that it is a fair contract between a rich employer and a worker is laughable.
The worker has to find money to live and eat, the capitalist has the wealth and power.
Only Trade Union and socialist political parties can help redress the balance. Then we see whose side the government is really on, when it uses the full force of the state to cripple the unions, slander and destroy any real political opposition to the dictatorship of the rich.
Those proposing not having a minimum are barking mad, you need a minimum amount to keep alive and to breed new workers. Remember if you have a slave you have to feed him and house him, not paying a minimum means you want to have a situation worse than slavery.
A civilized society would have a living wage and a MAXIMUM wage. A maximum wage 3 times the minimum wage.
The government showing which side its on.