Earlier quoted context omitted.
It’s a lose lose. If you remove the wage floor many people with “livable” wages now would have theirs cut, it’s a problem of adversarial incentives a la nash.
Sure, but now there's a deadweight loss by allocation inefficiencies (plus the disemployment effects are strongest at the margin, so now many people are working less than they want to, because they cannot sell more of their work for less, so ie. they have part time jobs). The "obvious" thing is to subsidize employment (by negative income tax for low-incomes to avoid discontinuities), and sectoral/collective bargainin…
I appreciate your argument, and you knowlwdge of economics adds weight to it. I'm wary of putting the burden on workers to remove information asymmetry and power imbalances in bargaining. Just because it's necessary now doesn't mean it needs to be. It could create a cycle of permanent extra work for those most in need of regulatory help.
I don't know if I had the full language of economic inefficiencies ready to flow like you do if that argument would be more effective. Or if there are other blocks, you know?