When we can also get rid of 'minimum food' and 'minimum housing' and so on then we can get rid of minimum wage.
Actually there is a way to satisfy the 'everything is a market' camp at the same time as treating people as, well, people, and not just some resource that should disapear if it's not in demand.
Universal Equity. Not just Universal Basic Income, dispensed at the whim of government, but actual equity - everyone owns a share in the economy, whether or not they are employed by it.
The stock market is not 'the economy', just as a bookmaker is not a racecourse.
Universal equity shares would be more broadly based, and also would not be transferable, else you'd just get the same old concentration of wealth.
Economies sometimes shrink, eg GDP went down during covid, but in general they grow. But the 'capital value' is not important anyway, the dividend is. Even if an economy is shrinking, it is still producing.
People have the option to buy a share of the economy assuming they have enough spare cash lying around to do so. People in most places are not currently entitled to a share of the economy. Many places, however, have set up sovereign wealth funds which do allow the population at large to benefit from the economy.
While some years are slower than others and there's the occasional recession where groth does go negative, long term economic growth is very reliable. In the US, GDP has increased 52 out of the past 60 years, with GDP per capita increasing 2200% in that time period. If you invested in the S&P500 in 1960, you'd have made an inflation adjusted return of over 4000%. Wealth is constantly being created, infrastructure is built faster than it's destroyed, there are scientific and technological innovations, and people become more educated and better skilled, and quality of life generally improves.
It's really difficult for an economy to legitimately go down. That takes like North Korea levels of mismanagement. If your country collapses, the sovereign wealth fund is likely the least of your worries.
Actually there is a way to satisfy the 'everything is a market' camp at the same time as treating people as, well, people, and not just some resource that should disapear if it's not in demand.
Universal Equity. Not just Universal Basic Income, dispensed at the whim of government, but actual equity - everyone owns a share in the economy, whether or not they are employed by it.