The idea that high wages equals low employment, it's absurd. Nick Hanauer More Quotes by Nick Hanauer More Quotes From Nick Hanauer There is no earthly reason why Walmart and McDonald's and Walgreens and these other giant, profitable institutions should have one worker in need of public assistance. It's ridiculous. Nick Hanauer mcdonaldwhyneedreason A lot of people think that persuasion is all about values and aligning values. I largely disagree. I think persuasion generally, and political persuasion more particularly, has much more to do with explaining in new ways and connecting dots in new ways than just invoking emotions and values. Nick Hanauer newthinkpoliticalpeople Prosperity in human society is misunderstood. The difference between a rich and poor society is the number of problems that society solves for its citizens. That means technological innovation is the source of all prosperity, but with every tech innovation, you also get disruption - ultimately, social and civic disruption. Nick Hanauer problemsyouinnovationsociety Greed is a sin because humans are social creatures. And they simply cannot survive without the opposite of greed, which is cooperation. Nick Hanauer survivecooperationgreedsin People want to think of economics as a natural science, like physics, with the comforting reliability of simple-to-understand theories like F=MA. Unfortunately, it isn't. Economics is a social science, and the so-called theories are really social and moral constructs. Nick Hanauer thinkeconomicssciencepeople You see, we capitalists will never actually ask you to work overtime. I don't even track your hours. I just make it clear that I trust you to get your job done in the time allotted. And then I hand you twice as much work as you can reasonably do in a 40-hour week. Nick Hanauer youtrustworktime Rising inequality is toxic to growth. High levels of inequality exclude people - both as innovators and customers - diminishing both innovation and demand. Nick Hanauer inequalityinnovationgrowthpeople No matter how wealthy a few plutocrats get, we can never drive a great national economy. Only a thriving middle class can do that. Nick Hanauer drivenevergreatmatter I'm not the smartest guy you've ever met, or the hardest-working. I was a mediocre student. I'm not technical at all - I can't write a word of code. What sets me apart, I think, is a tolerance for risk and an intuition about what will happen in the future. Seeing where things are headed is the essence of entrepreneurship. Nick Hanauer thinkmeyoufuture Economics is mostly how humans rationalize who gets what and why. It's how we instantiate our preferences about status, privileges, and power. Nick Hanauer statushoweconomicspower The most powerful forces in economics are not numbers or facts. They are prejudices and preferences. No amount of evidence will ever change the degree to which many of the rich and powerful prefer themselves to be richer and more powerful and others poorer and weaker. Nick Hanauer economicsrichchangefacts One of the things that I think makes me successful is the way in which I collaborate with others. In my opinion, nothing great is ever the product of one mind. It's always a consequence of some sort of self-critical collaboration. Nick Hanauer greatthinkmemind 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. Nick Hanauer youmoneybusinesspeople All human endeavor, all human civilization, is the act of solving collective action problems. Should we put out our own fires, or should we have a fire department? Should we build roads, or should we hack our way through the woods from one factory to another? Nick Hanauer roadsproblemsfireway The only really expensive thing in our family budget, frankly, is private air travel. Nick Hanauer budgetfamilyexpensivetravel It is true that rich people can spend more money than middle class people, but there's this upper limit on what we can spend. I drive a very nice car, but it's only one car. I don't own a thousand, even though I earn a thousand times the median wage. I have a few jackets, not a few thousand. Nick Hanauer drivecarmoneypeople The thing I've learned most about poverty is how expensive it is to be poor. It's super easy to pay rent every month if you earn enough to pay rent and have a decent job. It's super hard to pay rent if you need a coupon from the state and then need to go find an apartment that will accept that coupon and only that coupon. Nick Hanauer jobyoupovertyeasy 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. Nick Hanauer owncompanyfriendsproud 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? Nick Hanauer truewillbettereconomics You show me a highly unequal society, and I will show you a police state. Or an uprising. There are no counterexamples. None. It's not if, it's when. Nick Hanauer meyoupolicesociety
