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No. Minimum wage is/was never supposed to be a wage for an adult to support themselves. It's a wage floor for part time workers. Also most state have their own higher wages. in HCOL states it's 15-17/hr and that's still not enough to support yourself in those states.
But that doesn't stop people from buying stuff like that, people often spend more than they make due having access to credit.
Also... fancy dinners in the USA in a major city are like $500 or more. Not $200.