> Wages often go over or close to the minimum anyway, due to market forces, and do so without costly bureaucracy/enforcement/taxation/distortion
Yes, when there is an shortage or competitive number of low wage workers, not when unemployment rate is approaching 5% overall and close to 20% for low income earning bracket in most places.
That's the virtue of the pricing system! The invisible hand means if wages are low in particular profession, it encourages looking elsewhere, particularly in professions in short supply, whose wages will be high.
Yeah, nah, the idea that the problem with low income workers is that they're not pulling themselves by their shoestrings properly is well and thoroughly debunked.
People don't work in low income jobs because it is the easiest option, but because it is the only option often.
I used to be a true believer in the free market and I did want to abolish international borders to enable free trade of labor. What I didn't realize though is that nobody wants to require immigrants to pull their own weight and exclude them from social welfare if they're unemployed, etc. If you had a very free market country with no social services that would be overused by unrestricted immigration, then yes, an open boarder might be a good idea. Perhaps this is similar to internal borders in China, which are reasonably open but immigrants from other provinces aren't eligible for social welfare and effectively have to go back home if they lose their job.
Yes, when there is an shortage or competitive number of low wage workers, not when unemployment rate is approaching 5% overall and close to 20% for low income earning bracket in most places.