“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.”
Quote by Nick Hanauer
Author
Nick Hanauer
Nick Hanauer is a renowned venture capitalist, born in 1959. He has over 30 years of experience in Silicon Valley and has founded several successful technology companies. Hanauer is known for his unique perspective and forward-thinking in the investment field, and he is also an active social activist and writer. more