You lost me at "free market" ...there is no such thing. The government sets minimum salary rates at nationwide levels. If it didnt, evil corporations would push people into wages that were deplorable.
And that's the problem with evil corporations...they fail to police themselves with any ethics or morality. Child labor, women's rights, minority rights...I could go on and on about the evils that corporations throughout even recent history have committed.
I'm not against business or even big business. I own 3 businesses and grew up in a family that owned one of the largest businesses in the state. But you're fooling yourself if you think libs hate corporations. What libs hate (and centrists like me) are corporations that use their money and influence to screw people over.
Why do you feel that if there were no minimum wage, people would opt to accept a position at a horrendously low rate?
And you are wrong. There most certainly is a free market. If there were not then ALL people would be making minimum wage and not a penny more.
Salaries are dictated by the demand for people with a differential. The more you bring to the table, the greater the demand for you; the higher the salary you will generate.
Child labor? Where? Minority rights? Where?
You poor, deluded, sap. Why do you think the minimum wage was established in the first place? Did it spring up out of no need or no where? Of course not.
There are people in dire circumstances who will take whatever job they can get...even if the pay is crap BECAUSE THEY HAVE NO BARGAINING POWER. I know conservatives just want to think that "oh jobs are easy to find if you're not lazy or stupid" and "golly gee, of course a business wouldnt take advantage of someone" but that's not reality. Reality is there are bad apples out there.
Child labor and minority rights were problems in the past. Go pick up a book and learn some history. Actually, minority rights can still be a problem (I encounter it with my law practice), but laws have been passed protecting them now at least.
Businesses seek to make as much money as possible as efficiently as possible. With economies of scale, the more money and influence they have, the more efficient they can be. Unfortunately some bad apples do unscrupulous things when not regulated.
On the whole free market issue...as long as governments (and religions in ancient cultures before that) have put restrictions and laws and regulations on commerce...it hasn't been free. I laugh my ass off whenever I see someone post that phrase. It means most of the rest they are saying has little to no insight behind it.