The report also calls on large food retailers and suppliers to increase the monitoring of their supply chains to ensure minimum wage is paid, and to avoid audits where employers hand-pick the workers who give evidence.
Everything else from credit to money supply to quarterly earnings releases to minimum wages is just a tool or else a meaningless characteristic of an economy.
What happens on the demand side of the market is not surprising: if the minimum wage exceeds the prevailing market wage (determined by supply and demand), some workers will lose their jobs or have their hours cut.
European vessels are not allowed to remove fins from sharks and dump the carcasses in the water - a practice that used to be rife as fishermen sought to supply fins to the lucrative East Asian market with the minimum bother.
Weaker trade unions and relative falls in the minimum wage will have increased wage inequality, while other trends, particularly the huge increase in the supply of skilled workers, will have reduced it.