Nick Hanauer is a rich guy, an unrepentant capitalist — and he has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France. Hear his argument about why a dramatic increase in minimum wage could grow the middle class, deliver economic prosperity … and prevent a revolution. Here is a direct video link.
Hanauer’s original 2012 TED Talk is also very worthwhile. Amazingly it is not available on the TED site at present and has to be viewed on Youtube. The below explanation was given by Business Insider. Of course, censorship makes most people want to see it all the more. Fascinating reflection of status quo influence on media content today.
Via Business Insider: “As the war over income inequality wages on, super-rich Seattle entrepreneur Nick Hanauer has been raising the hackles of his fellow 1-percenters, espousing the contrarian argument that rich people don’t actually create jobs. The position is controversial — so much so that TED is refusing to post a talk that Hanauer gave on the subject. National Journal reports today that TED officials decided not to put Hanauer’s March 1 speech up online after deeming his remarks “too politically controversial” for the site…”.
Here is a direct video link.