In USA 3000$ minimum Europe 300€-3500€ minimum wage i think UK there 4000$ minimum. Wage
But goverment need to regulate just
Rent prices , energy prices ,food prices.
So If you want to put food price up then you need to be approved by goverment only then you can go over price limit.
We need wages up but same time our regular costs need to be not go over limits.
So things we need goverment must keep prices check becouse the economy is playground and goverment duty is to be judge that everybody play fair game.
These minimum wages are completely wrong, plus they will vary within states and countries of the EU. Your estimate of the UK minimum wage is ridiculously bad, it's more than double what they actually get. The government doesn't need to regulate any of the things you've mentioned, because that would turn them into a communist country which history has shown is a disastrous economic model. It's hard to understand what you're even suggesting but when your numbers are so wrong in your opening sentence it doesn't seem like you have a grip on the real reality of the situation. Many times governments are at the mercy of global markets so have limited ability to fix things and just try to help in the areas they can control, like stopping cheap credit by raising interest rates.