How we be realistic and drop the stupid rhetoric and admit that companies use child labor but that without the competitive advantage child labor brings, we would all be paying much more in prices which lowers our standard of living since we would be paying more for the same goods. Besides that, the flaw in talking about how low little child labor or any labor in 3rd world countries makes is that compared to what they were making before the factories (AKA jobs) opened up (zero) they are doing much better then before. We all like to call China the factory of world, pumping out lots of cheap toys and such for Americans, Japan and Europe and now after 20 years of opening up this massive industrialization (for very small wages) we have seen the slow build up of the Chinese middle class.

You don't go from 3rd world to 1st world in a matter of years by instituting a "universal minimum wage"; wealth is built on the creation of stuff and all post-industrialized nations have built up their wealth with years of sacrifice from their grandfathers, great-grandfathers, great-great grandfathers etc, down the line until the beginning of the Industrial Revolution.

Factories bring wealth, more importantly, the creation of wealth, the people will eventually reach a point where their wealth is sufficient enough to overcome basic problems such as "Will I be able to eat today?", when those problems are gone from the publics head, then like any other nation, the public finds something else to be worried/angry by. So the next generation not having been subjected to poverty at any point will be angry at their government and for not being paid as much as Europeans or Americans, so they will fight for workers rights and higher wages through the government just as every other industrialized nation did from the US to Europe.

This is why in my opinion you should respect the generations before you. If we are to say that all this hard work and this path to success could be bypassed by putting wages on an "equal" level worldwide, then that simply makes our elders idiots for not doing that in the 1800s.