Take a look at worker and consumer protections in the EU and you'd be heading in the right direction. Or what we used to have. The minimum wage was original a living wage. Specifically it was designed so the worker was doing more than just surviving.
Seems like existing workers are being protected at the cost of new entrants. Utterly predictable, since companies will be hesitant to set up shop in France because of onerous process of firing low performers.