Nick Hanauer: Raising Wages Increases

Posted by admin on Friday, January 15, 2016

Nick Hanauer Money Quotation saying Increasing available spending money among workers means they’ll buy more and create demand. Nick Hanauer said
 

 

“Raising wages increases demand, which increases hiring, which in turn increases wages and demand and profits” — Nick Hanauer

 

 

In this quote, Nick Hanauer is arguing that raising wages for workers will have a positive effect on the overall economy. He claims that higher wages will increase consumer demand as workers have more money to spend.

This increased demand then encourages businesses to hire more employees to meet the higher demand, which further raises wages. And this cycle of higher wages leading to more demand leading to more hiring and higher profits can continue as each part reinforces the others.

So in essence, Hanauer is making the case that raising minimum wages does not necessarily hurt businesses and the economy, but rather can spark economic growth by putting more money in the hands of low-income consumers who will spend it, driving demand and job creation.

Lawrence Lessig: Innovators Earn Success

Posted by admin on Sunday, September 13, 2015

Lawrence Lessig Money Quote saying Entrepreneurs don’t succeed because they paid lobbyists to secure subsidies or tax shelters, but by earning it. Lawrence Lessig said:
 

 

“Entrepreneurs succeed by working harder. By competing better. By creating more. They succeeded by innovating, not by hiring lobbyists to get them a special tax favor. Not by paying Congressmen to get a special subsidy. Not by begging Congress for corporate welfare, but by making money the old fashioned way: by earning it” — Lawrence Lessig

 

 

Lessig emphasizes the importance of innovation over hiring lobbyists or paying Congressmen because he believes that entrepreneurs succeed by earning their success through hard work, competition, and creation, rather than relying on special favors or tax breaks.

He values the old-fashioned way of earning money through innovation and competition, rather than through political influence and corporate welfare.