Because of massive legal and illegal immigration, we have a massive surplus of low skill workers.
I can’t follow your point.
Minimum wages do not address that. All we have done is assure a higher floor for wages and higher inflation. The relative position on the wage scale remains the same.
With the automation and innovation you mention, we will only create a vast unemployable lower class, no matter the minimum wage.
Supply and demand.
Because the USA supply of low skill workers is abnormally high, wages go down. Business owners and executives hire more labor instead of automating and modernizing their systems and product line.
A normal supply of low skill labor, or a below average supply, would incentivize owners and executives to purchase labor saving devices and expert software.
The economic future has NEVER belonged to countries with the cheapest human labor.
It has always belonged to the countries with the best goods and services and the highest productivity.