Taking this logic to its conclusion would then prompt the question:  Well, why not just make it $100 dollars an hour?  That way they can get out of poverty faster.  Or even $500 dollars an hour.  I could do some REAL living with a guaranteed wage like that.  

The truth of the matter is, is that NO ONE gets paid for what they're worth...period.  One only gets paid what the business/company thinks your value is worth to the business/company.  If you are more valuable to the business/company, then you will be paid more...period.