Nick's Recent Stories
Economy Jul 17Column: Fighting trickle-down economics in Seattle
Trickle-down economics claims that if wages go up, jobs must come down. A controversial new study from the University of Washington has inadvertently fallen prey to that antiquated narrative.
Economy Oct 05Column: The claim that if wages go up, jobs will go down is not a theory — it’s a scam
Opponents of the $15 minimum wage claim that if the minimum wage goes up, jobs will go down. But this is simply an intimidation tactic used by employers to keep wages down and keep profits high.
Economy Jun 01Is trickle-down economics science or scam?
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.
Nation Mar 10Column: The biggest scam bankrupting business and the middle class
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…
Nation Dec 01This is why the middle class can’t get ahead
Billionaire venture capitalist Nick Hanauer explains why today's middle class is feeling stuck, how that hurts the whole economy and what President Obama can do about it -- with a stroke of his executive pen.
Nation Jul 28Why capitalism has nothing to do with supply and demand
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…