That's a sociopolitical issue to be resolved not by minimum wage hikes or make-work programs, but by legislating shorter standard work weeks and nationalizing health benefits. Make it affordable for employers to hire more people to do the work, make it less life-affecting for people to work less.
We can start by rolling back OT exemption rules. "Hey, you know what would be cool? If employers couldn't work you 100 hrs/wk without repercussions?"
That's simply fixing the free market. If your business model is so broken that you're not investing in proper automation and instead are working your IT staff 60hr/wk to compensate, congratulations, we just fixed your decision making process. Go invest in some IT automation instead, (or pay the OT to your IT staff, but I'll bet you the automation is cheaper, and will create jobs in the company that produces that automation software).
We've created a false supply, and are shocked that our job numbers aren't rising at the rate we'd like.
OT exemption is just a corporate handout paid on the backs of the people doing the work, and I'm speaking as a manager. Fix it.