The person earning the federal minimum wage of $7.25 isn't going out to eat at restaurants. They're not taking piano lessons. They're not going to the gym or the yoga studio. They're not sending mom flowers on Mother's day. What good is this person in the economy? If you raise it to $15 an hour, they're doing all of those things. And all of a sudden, not just business thrives, but small business thrives.
Nick HanauerRaising the minimum wage a lot across the board would make a big difference. It's not the only thing, but it's an indispensable part of solving the problem.
Nick HanauerRaising the overtime threshold - something that is about to happen. This is more complex so not as many people understand it, but it's equally consequential.
Nick Hanauer