Nick Hanauer Quotes
But can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.
Topics
Unemployment
Economic Collapse
Economic Disparity, Income Divide, Income Equality, Income Inequality
Economic Policy
Minimum Wages, Minimum Wage Jobs, Minimum Wage
Trickle Down Economics
Economic Prosperity
Economic Impact
Labor Market Effects
Low Wage Workers
Minimum Wage Increase
Poverty Reduction
Wage Growth
Wage Increase
Wealth Distribution
unemployment impact
Poor Economy
Citations
Hanauer, Nick. "The Capitalist's Case for a $15 Minimum Wage." Bloomberg, 19 Jun. 2013.
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Nicolas Joseph Hanauer is an American entrepreneur and venture capitalist.