You say people are "forced" to work for low wages, but that only makes sense if you assume they have no agency or choice in the matter. The truth is, wages are a reflection of the value the market assigns to certain skills and labor. If someone wants to earn more, the solution isn't to regulate and distort the market—it’s to gain skills that are in higher demand.
When governments start "correcting" markets, they usually create new forms of inequality and inefficiency. Competition is fair when it's free. The moment you regulate it to be “fair,” you give power to bureaucrats instead of letting individuals negotiate their own worth.