Ron Unz, a Silicon Valley executive and former editor of The American Conservative magazine, is among the most eloquent in his championing of a ballot initiative to increase the California Minimum Wage to $12/hour. His argument makes a great case for making $12/hour the Federal Minimum Wage.
A couple of pull quotes from the interview with an NPR reporter:
What we're talking about is a massive system of hidden government subsidies for these low-wage employers where they can shift the costs of the workforce over to the taxpayer. I think businesses should stand on their own two feet and have to pay their workers instead of forcing the taxpayers to make up the difference.
Wal-Mart is America's largest low-wage employer. Three hundred thousand Wal-Mart workers average about $9 an hour. All Wal-Mart would have to do to cover a $12 minimum wage is raise their prices by 1.1 percent one time. The average Wal-Mart shopper would pay only an extra $12.50 per year. People wouldn't even notice the price hike.
Full article here.