I took an offer at 40K or so, and within 3 years I was at 100k. With laws like this in play I'm not sure if that would still be legal. A lot of these ideas sound great on paper, but in reality you've completely eliminated any room to negotiate salaries downward in case an applicant isn't all that experienced.
I imagine what's going to happen is you'll see companies become much stricter with documentable requirements. Such as a bachelor's degree, which I also lacked back then. Saying please I need a job, I'll take 50% less since I don't have a bachelor's will open up companies to lawsuits