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In countries with relatively high cost of living, Wages for simple jobs that require no special qualifications are often dictated by how little you can pay people so they can barely get by. Unskilled labour without unions has no bargaining power because they need the job to pay for their basic needs. The companies can't pay less than that because then there wouldn't be anyone who could work for them.
If the government doesn't mandate saving for retirement, companies would cut wages, because now you need less money to get by. They don't care what would happen to you in a couple decades when you don't work for them anymore.
There's nothing here!