For anyone earning the minimum wage compulsory super is no more than a tax on the poor. It is designed to prevent the poor from getting out of poverty when inflation is taken into account. It ensures if your paying off a house/loan that the banks can continue to collect interest for many more years than would otherwise be necessary if you were making higher repayments. Most likely if you are on the minimum wage for your working life you will get a pension anyway, but maybe just a bit less than a full pension.
Basically compulsory super was introduced because governments didn't trust poor people to manage their own finances so they legally take earnings out of your pocket (pay) to stop you spending it unwisely and then give you your own money back via a pension in later years.
People who are better off financially use other vehicles to achieve financial independence, and yes at the expense of those poorer in the community.
Compulsory Super should never have been legislated for people on the minimum wage or less.
