A free market is one in which, once uniform or standard rules or requirements are established, price and quantity are determined by market mechanisms, rather than by some central planning mechanism.
Even within a so-called free market, numerous market failures may exist: externalities, imperfect or asymmetric information, monopoly/monopsony, coercion, power imbalances, fraud and misrepresentation, rent-seeking and rents, public goods, principle-agent problems, capital concentration, systemic risk, capture and corruption, Gresham's Law dynamics, unpriced ecological inputs, and numerous parties unable to participate in wholly market-based transactions, among them.
Establishing a minimum wage, or employer of last resort, addresses a well-known conflict in the tendencies of the prices of wages and rents -- see Smith and Ricardo.
What you're describing is neither free market nor even remotely viable.
Even within a so-called free market, numerous market failures may exist: externalities, imperfect or asymmetric information, monopoly/monopsony, coercion, power imbalances, fraud and misrepresentation, rent-seeking and rents, public goods, principle-agent problems, capital concentration, systemic risk, capture and corruption, Gresham's Law dynamics, unpriced ecological inputs, and numerous parties unable to participate in wholly market-based transactions, among them.
Establishing a minimum wage, or employer of last resort, addresses a well-known conflict in the tendencies of the prices of wages and rents -- see Smith and Ricardo.
What you're describing is neither free market nor even remotely viable.