Eh, I agree with you on most of that except the high minimum wage bit.
The minimum wage for anybody 15 or under is 40% of the wage for anybody over 21. I believe that not all industries do have that provision in their award, but all entry level jobs do. I guess it’s a bit of a miracle that it doesn’t keep going down further than 15, because if it did, maccas would probably be run by 11 year olds making 10% of the 21+ wage.
But even besides that, our minimum wage isn’t really high compared to the cost of living, which is the metric that really matters. Our minimum wage compared to elsewheres cost of living is not a good comparison