There is absolutely no economic law that says the value of labor has to be greater than minimum wage, or even livable. Yes there is theoretically an infinite de

There is absolutely no economic law that says the value of labor has to be greater than minimum wage, or even livable. Yes there is theoretically an infinite demand for labor, and unemployed people can always find some really low demand job or work for even less than the machines. But that isn't optimal for them. Goods might get cheaper, but not by much. The limiting factor isn't labor costs, we already have vastly automated a lot of industries and outsourced others to ridiculously low wage countries.