Competition is what controls the economy and where people live and work. Minimum wages are nothing but politically force raise in costs of living.
In the US we have many different subcultures that are doing just fine. We have places like California and New Your City where housing is extremely costly and cost of living is higher. We also have places like Ohio and Texas where the cost of housing is a small portion of California and wages can be lower to match the needs of the public.
When I lived in California I bought a brand new house in San Jose for about $14,500. Today that same house is in a neighborhood of $350K to $450K sales. I was just looking for a house in Ohio and likes one for only $115,000. It is about 1400 sq ft, 2 br, 2 full bath, 2 car garage. Here in Arizona I have a house of about 1800 sq ft, 4 br, 2 full bath, 2 car garage, for about $140,000.
Our economy should allow all cities, states, districts, what ever to allow them to work with the economy and their needs. False things like minimum wages just do not do what some think is right. For businesses they will raise the wages to keep the good workers, if they can, otherwise the businesses will go broke and close. Government controlled economies are not working and never have. Free market is working and that is why many US companies have left the US and are now working elsewhere. Want them back, get the government out of the way and likely many will return.