That's not what I am saying at all. I am saying that the free market determines what wages will be. If a regional airline is paying entry level F/O's $15,000 per year and they have a stack of qualified applicants, then the total compensation they are offering is likely too high. Conversely, if jets start getting parked for lack of qualified applicants, then the compensation is too low.

So what "should" the minimum wage be in the purest sense? The smallest wage that keeps the airplanes flying and meets minimum legal requirements.