There's NOTHING in the record amount of job openings mismatched with job seekers for any position under $15/hour or even $20/hr in the US that would suggest this is being reflected by what's actually happening on the ground.
And back to baseball...the equivalent of those earning under $15-20 in the MLB economy, anything outside of the first, second and occasional high bonus/lower round June draft picks, Pacific Rim players, Latin Americans under age 18, and all the players in their first 3 seasons don't generally enjoy much protection.
Mike Trout in his second and third seasons in baseball recorded 10.1 and 10.2 fWAR seasons.
He was pretty clearly one of the best players in the game already, but made less than $2 million combined his first three years. By Balta calculations, that would make him worth roughly $160 million to the Angels, not even including marketing/promotional aspects.
What other industry can you think in the entire world that limits the very best performer to the baseball equivalent of minimum wage?
If Mike Trout had a career-ending injury after his first three seasons, he would have had just $3.2 million (pretax, including his signing bonus) to his name.
(That's a mere pittance compared to the CEO of Binance already being worth $96 BILLION when almost nobody in the world was even familiar with Bitcoin and Ethereum a decade ago when Trout was a rookie, let alone Doge Coin and Shiba Inu.)
So does somebody who just happened to be in the right place at the right time (pretty sure the story involves a poker game) deserve that much more than Mike Trout, who was already the best player in the game in years 2 and 3 in his contract but wasn't rewarded for that performance until Spring Training of 2014 ($144.5 million/6 years).