Nick's Most Recent Stories
- June 1, 2015
In this column, venture capitalist Nick Hanauer critizes the theory that a higher minimum wage will cause increased unemployment. Going further, he suggests that economic theories in general are not science, but merely social and moral constructs. Continue reading →
- March 10, 2015
Corporate profits, as a percent of GDP, have doubled in the past 40 years. But where’s that money going? Not to hiring, paying higher wages or investing in equipment. Corporations are instead using their profits to further reward shareholders. And that strategy, argues billionaire investor Nick Hanauer, is killing America’s economic growth.
- July 28, 2014
Billionaire venture capitalist Nick Hanauer, whose family owns a pillow company, says there’s a limit to how much his wealth can buy. “I may earn a thousand times the median wage, but I don’t sleep on a thousand pillows,” he tells Paul Solman. Continue reading →