Government is in charge of regulating the minimum wage. Private companies are in charge of bidding for the "maximum wage", they have no obligation for providing a minimum as they serve their shareholders not the public, the government serves the public.

>Private companies are in charge of bidding for the "maximum wage", they have no obligation for providing a minimum as they serve their shareholders not the public, the government serves the public.

This doesn't support your point the way you think it might.