No, the cost of labor cannot be kept "artificially" low as long as nobody is physically forced to work a job they don't want to work. The rest of your statements are a set of populist slogans.Riiiiigth, because the cost of labor can't also be kept artificially low, that businesses don't externalize costs, that dynastic wealth doesn't consolidate power.
I'm all for creating your own wealth to a point, but the reality is we are better off as a country when we have a strong middle class. The concept of a free labor market is utopic. [
Nobody should be forced to pay more for something than they want to pay for it. The idea that you or me or anybody else is "entitled" to some minimum amount for what we offer in terms of our labor is part of the entitlement mentality. It's related to the idea that we are owed something just because we exist. If you offer something that is coveted, you will be well paid. There are plenty of engineers, Doctors, etc., who are paid very well because what they offered is sought after. There is no need for consideration of something like a "minimum wage" in their cases because what they offer is in demand. There are plenty of people who offer skills that businesses are willing to compete for in order to gain the edge over other businesses.
This thing of thinking you are owed a certain wage because you can put a peg in a hole just like anybody else can put a peg in a hole is ridiculous.










