Face it, you have no idea what your proposal will cost. Just admit that you like the way it sounds.some will, some won't. simply existing, Costs under Capitalism.some of those currently on means tested welfare may switch to simpler, unemployment compensation for simply be being unemployed. we could save money by reducing an incentive to commit more expensive forms of welfare fraud.This is the approximate labor force participation rate, 62.9%. That should mean, approximately 37.1% could need compensation for simply being unemployed.How much will it cost?
It seems like a lot; but, it will result in a more efficient economy that is more stable and will need to grow to meet that new demand.
Okay, you're getting closer. Just multiply that 37.1% times the total number of American workers to arrive at the number of people who would immediately receive welfare (we will not call it unemployment compensation because it's not), then multiply that by $15/hr times 40 hours/wk times 52 weeks/yr to arrive at the total cost per year. Then increase that by the number of people who will quit their jobs because they can get almost as much for doing nothing. When you get all that done, quantify the efficiency gains in the economy and tell us how long it will take to pay for itself.
and, we also have to consider all of the demand, all of those new market participants will be creating. it should require more labor.
a fifteen dollar an hour minimum wage should encourage more people to work.
Not if they can get fourteen for simply existing.