Is it valid to take $|- \infty | = \infty$?
or is the absolute value e.g. not defined for infinity?
Particularly,
if one wishes to argue that operator $f(x)=x$ is not bounded below on $\mathbb{R}_{-}$, then the definition for bounded belowness for operators says must be $\beta > 0$ s.t.
$$\| T x \| \geq \beta\|x\|$$
(and here the norm is abs)
but then if $x \rightarrow -\infty$?
Yes, that's correct. Note that in your example you may take $\beta=1$ since $\infty\ge 1\infty$.