It may at first seem odd to call a proposal for a living wage standard "revolutionary", because I haven't heard the students at UVA say one word about any private company picking up responsibility for people who can't work. All the students have said is that those who work fulltime should be paid enough to live decently. This was revolutionary about a century ago. It's now the firm opinion of most Americans and most residents of other wealthy countries, in some of which it's also a reality.
In President John Casteen's mind, apparently, the traditional role of private employers is to pay enough to get workers to show up, and then let the government make sure they have enough to live. Presumably the government is supposed to do this with resources extracted from the slightly wealthier workers. Otherwise, if the government were to tax employers and owners in order to provide for workers, that could constitute a back-door revolution.
The other curious thing about Casteen's statement is that he has been claiming for nearly a decade that the University of Virginia cannot require companies it contracts with for services on campus to pay a living wage, because UVA is not a private employer but part of the Virginia state government, so that only the state legislature could take such a revolutionary step. In other words, the students are appealing to Casteen as a representative of the government to stop paying poverty wages; they aren't even asking for Casteen's revolution.
In response to these conditions, we have seen a grassroots uprising of activism creating living wage and minimum wage standards at universities and in cities, counties, and states. See http://www.livingwagecampaign.org for data on these successes.
In response to the implementation of these new laws and policies, we have seen a revolution in economists' positions on the effects of wage standards. Claims that wage standards create unemployment and hurt those they are meant to help have nearly vanished from the face of the earth, hanging on only at the least influential of corporate-funded PR operations: http://www.epionline.org