That's the market.
Well, let's make sure that most Americans end up living a third-world existence. After all, there is a huge pool of labor out there that exists on a few dollars a day, so that's really all a lot of Americans should be paid.
That's the ultimate endgame for your approach. Fortunately, Americans are realizing that there is more to having a country than allowing free market types to destroy it.
Is “the market” ok with illegal immigration? I saw my industry, commercial printing in Southern California, destroyed by illegal immigration over a span of about 15 years. I started as a driver for the company a couple years out of high school and worked my way up to a position in middle management. Who do you think was hired to drive the delivery van and do other entry level jobs in the 90’s? Illegals with bogus papers. Why were they hired? They cost a little less. You think they sat on their ass for 15 years? No, they get promoted, same as anyone else if they do a good job. But each time, it drags down wages a bit.
By 2003, the entire shop floor was Mexican. Wages stagnant in management for 5 years. Company went out of business in 2004. Couldn’t compete with China. The great majority of those jobs, MANUFACTURING jobs, were filled by illegals.
THAT’S the market, not some pie in the sky egalitarian economic theory.