If we eliminate all wage standard then the payment of worker will be up to the employer and it has been proven that giving people free reign has had dire repressions. While those more skilled will potentially get a higher pay, but they make up the minority of workers. The majority are much less skilled and with no minimum pay they may be cut, which will increase the rising unemployment rates. With no minimum pay people will not want to work, and with how low the wages are currently many worker's will quit, which will bottleneck the skilled workers leading to conflicts which will lead to public outcry, marches, and most commonly violent outbreaks so people can vent there frustrations about the problems that will arise(starvation, pollution, trash, disease, wide spread death, etc.).