Under no circumstances is our labor market a free market. Business interests are constantly lobbying to relax labor, immigration, and other laws that would benefit workers. If we had a free labor market, all compensation for every position would be public knowledge, and labor would have as much say in politics (including tax and trade agreements) as corporations do. Only delusional people would ever think that our labor market is a free market. It’s one of the most manipulated markets in our country.[/quote]
It’s as free as there is. Minimum wage is a manipulation, and it can’t create jobs. It only encourages the opposite.