Unemployment compensation is a more well known phenomena. Simply understanding the concept of a positive multiplier effect should inform you of a "growth factor" for an economy. It has been measured at two, by a study. that means; for every one dollar of spending to correct for capitalism's natural rate of unemployment that spending generates two dollars of economic activity.
And, higher paid Labor pays more in taxes and creates more in demand.
Eliminating the inequality in the application of at-will employment laws could generate an even higher multiplication effect and improve the efficiency of our economy in the process.
You're making it very difficult to not call you Barbie. I'm aware of those theories and I know that they often don't work all that well when put to use. That's why I insist that you do some heavy lifting and show us the numbers. I already showed you how much your plan would cost, now it's up to you to show how much it will generate. Do not think for a moment that you can just say, "a positive multiplier will magically fix things". And don't think I've forgotten that you're completely ignoring the millions that will simply stop working, because they can get the same amount smoking pot in Mom's basement. That will make the numbers generating wealth smaller and the number taking it larger. Also include in your calculations the reality that someone making minimum wage often gets more back than they pay in taxes.
The biggest problem with his plan is that he wants unemployment compensation for those who quit their job or were fired for cause. And he wants it to be indefinite. In other words, he wants welfare. He wants to turn the unemployment compensation system into welfare. All to avoid the means testing involved in applying for welfare.
Technically, you could quit your job at age 66, get your pensions, get your social security and still make $15 an hour for the rest of your life. That would be a sweet deal for me, my wife and I could retire today, get my pension, start living off off my IRA and 401K and the unemployment, then in a few years my social security would kickin.
How this guy thinks his idea is sustainable is beyond me.