Your discussion regarding the situation in France and Germany is pertinent but widens the discussion beyond my narrow point.
Supply and demand is econ 101. If the supply of low wage labour goes through the roof, then wages are compressed for a section of the population (the young and low paid) that can ill deal with the effects.
Now you you might say, "well, we have the minimum wage in the UK" - but there are all kinds of tricks employers will use to circumvent this, and with high supply, they can more easily get away with this type of behavior. Finally, the minimum wage, is not actually a liveable wage for an independent adult in the UK in 2014 (despite protestations, I'm sure), and so offers little in the way of protection anyway.