I don't think minimum wage is intended to be enough to live on. If you start working as a teenager by the time you have to pay your living expenses it would be quite doubtful that you are still making minimum wage.
Then again, as they say, your milage may vary. In my part of the world there might as well be no minimum wage as even the most entry level positions are offering nearly double the minimum wage.
I don't understand how anyone can choose to watch 4K. maybe I'm just so cheap I tell myself I can not tell the difference, but anything higher than 480P just feels like overkill to sell more bandwidth and overpriced hardware.