Union Perspectives

A plutocrat is someone who is very rich and supports the Have Littles known to most of the rich as the workers or wage slaves. One rich plutocrat’s is Nick Hanauer, a venture capitalist, who is supporting among other things the $15 an hour minimum wage to take effect immediately. Hanauer is not a fan of slow walking the wage hike. He understands good wages will build the middle class and grow the economy. The other side thinks growth produces a thriving middle class. According to Hanauer this is not true. It is wrong and backward. A thriving middle class is the source of growth in a technological, capitalist economy. Investing in the middle class is the most pro-business thing one can do. For this ideology, Hanauer has been called “America’s premier self-loathing plutocrat,” a description he relishes. Hanauer argues dramatically raising workers’ minimum wage to $15 an hour will not lead to fewer jobs as his opponents claim, it will lead to more jobs because workers who have more money ...