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President Joe Biden’s 2023 State of the Union address
WATCH: Biden envisions hundreds of thousands more jobs to rebuild U.S. pride
By Associated Press
Live updates: State of the Union 2023
The state of our union, in 6 charts
By Jenna Cohen, Hannah Grabenstein, Joshua Barajas
By Justin Stabley
Nick Hanauer is a Seattle-based entrepreneur, venture capitalist, philanthropist and author.
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.
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.
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.
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…
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.
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…
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