Nick Hanauer Quotes
My message is that the counterclaim - which is that if wages go up, employment will go down - is a scam. It's a con job. It's an intimidation tactic. There is absolutely no evidence anywhere that it's true. On the contrary, where you find high wages you usually find low unemployment.
Hanauer, Nick. Interview by Paul Solman. PBS NewsHour, 2014.
This is the major argument always given against raising the minimum wage. Historically, however, when the minimum wage has been increased there has never been a large increase in the unemployment rate. However, if the increase would be huge it would likely have the effect of pricing some workers out of the market. Like so many other elements of politics, moderation is important.
Nicolas Joseph Hanauer is an American entrepreneur and venture capitalist.