The $12 wage would slash the huge taxpayer subsidies now given to companies that hire low-wage immigrants, and move tens of millions of Americans into the middle class and sharply reduce the 47 percent of the population who are now completely or partly dependent on federal handouts, Unz told The Daily Caller.
“Politics would be completely different… what you’re doing is reducing the 47 percent by 10 to 15 points and giving Republicans a chance to make their case about cutting government spending and reducing taxes,” he said.
Unz’s unorthodox proposal is likely to catch fire, partly because he’s working to put it on California’s ballot this year and force Democratic and Republican politicians to take sides by November.
Unz’s proposal ups the ante as Democrats push for a national $10.10 minimum wage during the 2014 campaign, amid public anger over the Obamacare takeover of the nation’s health sector.
The plan is also likely to get traction because it offers the public a good-news alternative to the business-backed campaign to triple the inflow of low-skill immigrant labor during the next decade. If implemented, the $12 alternative plan would instead flood American businesses with Americans who have dropped out of the workforce, and also push low-skilled illegals to the sidelines and eventually south of the border, he says.
Under the current minimum wage level of $7.25 per hour, roughly 1.8 million Americans under age 30 aren’t even looking for work.