Raising the Minimum Wage for Working Men and Women in California and the Rest of America

Billionaire Republican Donor Supports A $12 Minimum Wage

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A ballot initiative to raise California’s minimum wage to $12 an hour got some support from an unlikely person: billionaire Peter Thiel, co-founder of PayPal and a big donor to Republicans and conservative causes.

When asked by the SF Gate about the ballot initiative, which is being advanced by another unlikely minimum wage proponent, conservative millionaire Ron Unz, Thiel gave some qualified support for the idea:

In theory I’m against it because people should have the freedom to contract whatever wage they’d like to have, but in practice I think the alternative to higher minimum wages is that people simply end up going on welfare… It’s a very out of the box idea but it’s something that one should consider seriously given all the other distorted incentives that exist.

• Category: National, Notable • Tags: Bryce Covert