Nick Hanauer Quotes


If Jeff Bezos and I had started Amazon.com in a poverty-stricken corner of Africa, there would have been no job creation because there would be no people to buy the stuff from Amazon.com. The difference here is the American middle class, which is by every measure the most extraordinary economic achievement in the history of the world.


Citations

Hanauer, Nick. "Rich people don't create jobs." TED, Mar. 2012.

Related Quotes

At the time of this quotation, the nation had gone through more than 3 decades of enormous increase in prosperity for the wealthy, and modest gains for the highly skilled, technically trained workers. However, correcting for inflation, average salaries did not increase at all. The middle class was particularly hard hit. Only 20 percent of the population benefitted from the growth at all; however, the 1 percent had rarely prospered more. Kenworthy’s principle did not apply for this period of American history.


Nick Hanauer
Nick Hanauer
  • Born: September 2, 1959
  • Nationality: American
  • Profession: Author, Entrepreneur, Venture Capitalist

Nicolas Joseph Hanauer is an American entrepreneur and venture capitalist.