why are these trade-offs?
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well I guess it depends on the type of work.
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How is it enforced that an employee has actual choice? People will get forced into lower paying jobs, and then they would need to pretend they could decide their hours. This makes no sense.
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Framing the other way: should people who have fixed hours get a higher minimum wage?
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The way to sell this is "should 1099 workers have a minimum wage"?
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This would be interesting to me in higher salary brackets (eg: work 20-30 hours/week to have time for other projects). Opening the door to decreasing minimum wage seems like the challenging part. (Expecting that employers of min wage roles treat employees worse already)
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Since "minimum wage" is limited to employment contracts defined by hour on clock = some amount of money, there's already plenty of IC, piecework, commissions etc. type "employment" that fall into this space although very few of them have much worker end schedule flexibility.
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Like many of your questions, the devil is in the details. If this is proposed within good social protections (including basic income), then it can be a good thing. If it is proposed within bad social protections (like the current ones), it is dangerous.
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Try working for minimum wage and answer your own question.
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This assumes that in most low wage jobs that the employees have any leverage in that negotiation at all.
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