Nick Hanauer
Nick Hanauer
Nick Hanaueris an American entrepreneur and venture capitalist living in Shoreline, Washington...
NationalityAmerican
ProfessionBusinessman
CountryUnited States of America
jobs unemployment wages
My message is that the counterclaim - which is that if wages go up, employment will go down - is a scam. It's a con job. It's an intimidation tactic. There is absolutely no evidence anywhere that it's true. On the contrary, where you find high wages you usually find low unemployment.
jobs would-be today
If it was true that lower taxes for the rich and more wealth to the wealthy leat to job creation, today we would be drowning in jobs.
country people effort
I was at the forefront of the effort to pass $15 minimum wage in Seattle, and have been collaborating with the people who are trying to make that happen across the country.
law ideas employment
The fundamental law of capitalism is: when workers have more money, businesses have more customers, and need more workers. The idea that high wages equals low employment, it's absurd.
mom mother flower
The person earning the federal minimum wage of $7.25 isn't going out to eat at restaurants. They're not taking piano lessons. They're not going to the gym or the yoga studio. They're not sending mom flowers on Mother's day. What good is this person in the economy? If you raise it to $15 an hour, they're doing all of those things. And all of a sudden, not just business thrives, but small business thrives.
thinking wings ideas
I think the idea that giant profitable corporations should pay their workers enough so that they don't need food stamps - since when is that left wing? How did that become "leftie?" That doesn't seem leftie to me. That seems common sense.
higher keeps leverage pushing tricks wages work
The higher the unemployment rate, the more leverage I have to 'encourage' you to 'do what it takes' to keep your job. And so you work even more hours, pushing unemployment up and wages down. And that, my friends, is one of the little tricks that keeps you poor and me rich.
bigger boat business money people point reason successful tend
I think the people who end up being extraordinarily successful - it's been my observation - tend to care enormously about status, particularly business people, right? Because the only point of money, you know, the only reason to have a 300-foot-long boat is because they're bigger than 200-foot-long boats.
buy earn
We plutocrats need to get this trickle-down economics thing behind us: this idea that the better we do, the better everyone else will do. It's not true. How could it be? I earn 1,000 times the median wage, but I do not buy 1,000 times as much stuff, do I?
across billion companies investor microsoft range sold
Like most plutocrats, I, too, am a proud and unapologetic capitalist. I have founded, cofounded or funded over 30 companies across a range of industries. I was the first non-family investor in Amazon.com. I cofounded a company called aQuantive that we sold to Microsoft for 6.4 billion dollars. My friends and I, we own a bank.
jobs creating squirrels
When businesspeople take credit for creating jobs, it is like squirrels taking credit for creating evolution. In fact, it's the other way around.
against anybody best strategic
I'm not the world's best philosopher. But I am one of the world's best strategists. I will put my strategic abilities against anybody on Earth.
I come from generations of progressive, atheist Jews.
Prosperity isn't something that squirts out of rich people.