Nick Hanauer: Inclusion Creates Prosperity

Nick Hanauer Money Quotation saying including everyone in prosperity is democratic beyond enabling rich to get richer. Nick Hanauer said:
 

 

“The work of democracies is to maximize the inclusion of the many in order to create prosperity, not to enable the few to accumulate money” — Nick Hanauer

In this quote, Nick Hanauer is contrasting the proper role and purpose of democracies with the goal of enabling wealth accumulation by a few individuals.

He argues that the main work and focus of democratic governments should be to maximize the inclusion and participation of ordinary citizens in the political and economic system. This, in his view, is what ultimately creates broad-based prosperity for a society.

Hanauer is asserting that democracies are not meant to primarily benefit the few wealthy elites by enabling them to accumulate ever larger amounts of money and wealth.

Rather, democratic systems should be geared towards creating an economy and policies that include the many diverse citizens as equal stakeholders, which is what produces prosperity for all in a sustainable way.

Nick Hanauer: Not Slash Poverty Programs

Nick Hanauer Money Quotation saying reduce government bloat by increasing wages so poverty programs aren’t needed. Nick Hanauer said:
 

 

“Let’s by all means shrink the size of government, but not by slashing the poverty programs, but by ensuring that workers are paid enough so that they actually don’t need those programs” — Nick Hanauer

In this quote, Nick Hanauer is arguing against shrinking the size of government primarily by cutting poverty programs and social services. Instead, he believes a better way to reduce the need for such programs is by ensuring that workers are paid enough through their regular wages so that they do not need to rely on government assistance in the first place.

In essence, Hanauer is saying it is preferable to decrease government spending and size indirectly by raising wages for low-income workers, rather than directly slashing existing poverty programs that many currently depend on. This would grow the economy from the middle out by putting more money in the hands of regular consumers.

Nick Hanauer: Pay a Living Wage

Nick Hanauer Money Quotation saying paying employees better means they won’t need public assistance programs to relieve poverty. Nick Hanauer said:
 

 

“When businesses pay workers a living wage, taxpayers are relieved of the burden of funding the poverty programs like food stamps and medical assistance and rent assistance that those workers need” — Nick Hanauer

In this quote, Nick Hanauer is arguing that when businesses pay their workers a living wage, it reduces the financial burden on taxpayers who fund various government assistance programs.

Hanauer is saying that if low-wage workers received higher wages from their employers, they would be less reliant on poverty programs like food stamps, Medicaid, rent subsidies and other forms of public assistance that taxpayers fund through their taxes.

Therefore, when the business community pays workers enough to meet basic living expenses, it effectively shifts some of the social costs of poverty from the taxpayer onto businesses themselves through higher wages.

This interpretation suggests Hanauer believes living wages paid by employers can help decrease government spending on anti-poverty programs over the long run.

Nick Hanauer: More Customers, More Money

Nick Hanauer Money Quotation saying better paid employees means more customers for business. Nick Hanauer said:
 

 

“When workers have more money, businesses have more customers, and need more employees” — Nick Hanauer

In this quote, Nick Hanauer is arguing that when workers have more money due to higher wages, it benefits businesses. His point is that workers having more disposable income means they will spend more, which leads to more customers and demand for businesses.

With more customers, businesses will then need to hire more employees to help meet this increased demand.

Therefore, according to Hanauer, raising wages for workers not only helps the workers themselves, but also creates a stimulus for business growth and job creation.

By putting more money in the hands of regular consumers, it sets off a positive cycle where workers, businesses and the overall economy all benefit.