Nick Hanauer Interview with Cenk Uygur On The Young Turks

[@foragingfleur]

Mr. Hanauer is an intellectual. Offers valid points and perspective on the market economy.

[@brent2875]

Cenk, this is one of the BEST interviews you've ever had. LOVED every minute of it!!!! Insightful, provocative, different...

[@HeathenHammer8]

Nick your thought at around 1:00 - 2:20 is on point! I have said almost the exact same thing to friends, family, and colleagues for years now. Even with only a Undergrad degree in history you see that same cycle in past republics, empires, monarchies, aristocracies, oligarchies, etc. over and over again... If you are the oppressor, in actuality, or just perceived by the oppressed, then you can expect a really bad end when the crucible of revolution fills and tips over... Hell, maybe it would be peaceful transition of power (hopefully), but I would not bet my life and legacy on it if I were wealthy and powerful! Nick, thanks for being a sensible human being who also happens to be well off. Seems there are not many like you in your socioeconomic class.

[@jazmin1932]

This half hour interview is a valuable, delectable, and healthy perspective that is worth tuning into. It brightens the mind. Thank you !

[@leonardzane]

As a successful business exec for decades, MBA and heretical ex-pupil of Alan Greenspan, I find this show a truly prime macroeconomic lesson.

[@anneruby4182]

I wish Bernie would frame his message as pro-capitalist using these types of arguments.

[@cinsolidarity]

7:55 "it's eco-systemic" (as in, like an ecosystem). i've heard him make this point before and i think it's an excellent point.

[@rahuldsouza2855]

Nick is a real refreshing change to the typical billionaire.Getting money out of politics in not good just for levelling the playing field but actually incredible for the economy through fair competition. Capitalism works brilliantly when left to free market forces.We havent had that in America for decades and we have our economy to prove it. The inequality of income is the first sign that something is drastically wrong. The second is that the middle class disappears and becomes poor.

[@chrisholdroyd3555]

In lower wage situations, companies convince themselves that wage pressuring workers increases profitability. Our local grocer, has tried automated checkouts to reduce wage costs. However, customers respond positively to friendly, personal contact. And happy, secure cashiers, are more incentivized to give of themselves and be customer friendly, as they enjoy their positions more. A higher minimum wage gets around the negative competitive factors, where a grocer will consider paying better motivated workers to satisfy customers who will positively respond to a better shopping experience.

[@Hedgehog4real]

what a great guy. he explains things so perfectly, you don't even have to have any knowledge of economics to understand what he means

[@kamran5461]

He is a true patriot. We need more like him.

[@justgivemethetruth]

The problem is that I agree with almost everything Hanauer says, and so do many other people agree. Somehow this is prevented from being reflected in our so-called democracy? Where is the indignation, where is the alarm. Nick Hanauer has probably studied all of this long enough to know that what is in place in our country are very powerful and even deadly means to sustain this inequality. I just finished Noam Chomsky's "Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power" (rated at 5/5 in case you are interested) and Nick must know that our system will do whatever it take to protect itself. If You-Tube starts to make too big of a political difference, they will shut it down, as the IMDB chat boards were shut down. We already know that in other developed countries they know how to educate and provide health- care to all free and LIFT their citizens to enable them. In the US we stomp in the faces our most of our people, just like Orwell writes about in "1984". I just have to ask, why does this subject not really get the urgency and power that it needs to? Is it maybe because the system itself needs to be able to have an institutionalized way to find those who would oppose it? The system is not just evil and wrong because it is economically unequal, it is a hidden police state that so far has had the complete ability to manage millions of people to act against their best interests and give up their lives and money to enable an international war machine that is far beyond its charter of protecting our security, or even making the world safe for democracy.

[@ktmggg]

Nick where are you? Why aren't you making the rounds of the news shows in this year and next year for the 2020 elections?

[@jenner6710]

16:00 In Denmark we have no minimum wages, yet some of the best paid workers in the world. Answer: Unions...

[@SokarEntertainment]

Unions can never get back the power they have here. Besides it makes no difference if the minimum wage is enforced by law, or by unions. You're a Dane (presumably), you should be smarter then that

[@jenner6710]

Why should they give up power, especially if they are run democratically by their members votes? Well yes it quite obviously makes a huge difference. Countries run by this model is powning the rest of the world with very few exeptions....

[@SokarEntertainment]

jenner6710 No they don't, and you offered no argument as to what pragmatic difference it makes, rather its done by law or by union. Also I never said the unions should give up their power, I said they'll never get it back. In the USA unions are a joke, so suggesting that "unions" will fix the problem, is to show a profound lack of understanding for the arena of relevance.

[@jenner6710]

+Sokar Allow me to use Scandinavia as an example. Here we have three part negotiations and this has led to the fallowing: 6 Weeks paid vacation a year,

[@jenner6710]

+jenner6710 1 year paid maternity leave, some of the worlds absolutely highest GDPs, very high work efficientcy, and very flexible workplaces in terms of hiring and firing

[@GRiMHOLDx]

Ladies and gentlemen...We found a good one! phenomenal interview Cenk!

[@marykayryan7891]

This fellow can say all he wants that he is motivated by pragmatic considerations, but he is OBVIOUSLY also a very empathic and compassionate person. I doubt that the Koch Bros are sitting around worrying about the "existential threat" that job loss is for many people. My point is that compassionate people make better versions of ANY economic system. Perhaps the point is that compassion IS practical because it creates better conditions for all of us to thrive. My question is how to keep capitalism from being run by the Kock Bros and Paul Ryan as it does "inevitably tend to amass wealth and power at the top" in Mr. Hanauer's own words.

[@giotto263]

Super fun, interesting and informative, what a decent gentleman Nick Hanauer really is.

[@auction00]

That minimum wage (low wage) worker is 78% of Americans, living pay cheque to pay cheque, 50% of workers can't afford a $500 UN-expected expense, guess what's going to happen if you give them $1000. a month, (it will get spent) and everyone with a brain knows how good that will be for the economy! and it would include caregivers, a parent staying home to raise a child, looking after a sick loved one, social activities, volunteers etc. It also must be universal so there won't be a stigma of rich to poor transfer. Do it right and it will work. yang2020

[@BluePiggy]

It's too bad that this isn't the billionaire who is running for president.

[@jasonyerex1934]

I call for a boycott of everything the big corporations are telling us we need. Everything but food, water and necessities of life until they capitulate to our demands. We have the power and we should be exercising that power!

[@Lisdop]

You could possibly boycott BigFood too by buying locally, or finding a way to grow your own.

[@oldladywhocares3223]

I am a shareholder. I am retired. I need food and fuel, must pay property taxes, etc. My retirement is partially funded by being a shareholder. When my husband and started our own business in the early 80's, the ethical compensation of the owner, stockholder was supposed to be 7 times that of the lowest paid worker and that's what we did. What happened to that? We had all the risk because our personal assets backed operating loans but we followed the ethical standard. ??

[@deechristie8907]

A living wage should be available to all employees, and your biggest asset in business should be your employees!

[@thorkagemob1297]

why doesnt he run for president ? dude knows his shit

[@hiddenemperor653]

Its standard economics, ANYONE who read economics and payed attention would have taught you that wages going up to a certain point is great fir the economy, but nice that he informs your folks.......

[@ohedd]

+Hidden Emperor Well no, as a rule of thumb, wages going up without the supply of labor increasing simply increases price inflation according to price theory. According to some macro economic concepts the increased propensity to spend that comes with redistribution does indeed increase aggregate demand, but that happens at the expense of capital goods investments and interest rates. Yes, it's simple economics. Unfortunately this guy doesn't know it.

[@eulessgirl1]

How can we take important points from Mr. Hanauer's very welcome solutions and create short catch phrases that can overtake and negate such catch phrases "as trickle down" and "if the extreme rich pay less taxes they will create more jobs?" Most of the people I would like to share Mr. Hanauer's interviews and lectures with have short attention spans.

[@tkomla]

Dorothy Hamm YES! Ms Dorothy! And his content seems to flow more easily as he gets further into the interview. Those who'll benefit the most may not see its value.

[@peterlustig4890]

You should talk "total growth economy" (which means everything must grow income of top 1%, minimum wage) or "spiral up economy" (which means by increasing minimum wage, cosnumption goes up)...

[@foxtrotA1]

"the parasite economy" like Walmart...perfect description

[@carolmckee8456]

This is an important interview which everyone should see- ESPECIALLY THE VOTERS WHO STILL SUPPORT TRICKLE-DOWN POLICY.

[@StarvingPoet]

Very true, how this economic theory is still so influential and not causing massive revolts yet is insane.

[@ohedd]

+Rose Knapp trickle down isn't an economic policy and it never has been. It's a slanderous term made up by the Democratic Party to roughly describe supply side economics and how the Laffer curve relates to government revenue. While trickle down economics indeed is disproven, that is mainly because it's a strawman created by the left, and then attacked by the left.

[@carolmckee8456]

ohedd "Trickle down" was indeed a mock of the economic policy promoted so successfully by our 40th president. However, the designation originated in reference to Herbert Hoover's disastrous economic policy which embraced supply-side theory. 'Trickle down' is simply an unflattering description of the central tenet of supply-side theory. Although strictly speaking the term 'trickle down' is more precisely an aspect of the overall theory, in the vernacular the terms are interchangeable along with "Reaganomics" , also known mockingly as "voodoo economics". Much like ACA (Affordable Care Act) is often called "Obamacare" the name is originally meant as a disdainful descriptive but nonetheless refers to the same thing. Rose has not commented on policy at all, but on the underlying theory, which she has accurately characterized and discerningly criticized.

[@ohedd]

Carol McKee Well it's an incorrect observation that it's somehow strange that the support for so called supply side measures isn't dwindling. Most economists agree that regulatory burden is too high, particularly in occupational licensing, and that spending by government as percentage of GDP is too high... if such measures would be causing massive revolts that would indicate a massive mismatch between established science and public perception.

[@carolmckee8456]

ohedd I am always suspicious of statements that begin with "most economists (scientists, doctors, fill in the 'expert') agree..." I doubt you are stating a fact born of knowledge, but don't have the time to now research *all* economists to determine if my instinct is true. Aside from that, your point isn't totally clear to me. Are you saying that supply-side policy and practice would have likely caused revolt as Rose mentioned, or at the very least fallen by the wayside if it was a terrible policy? If I have understood you correctly, then I would answer this way: The application of supply-side economic theory has been monumentally 'successful' for those people who have the power to influence economic policy. It is only "terrible" as it affects the rest of us (thus far). It's only terrible if you think equity is a noble goal.... if you think people should be compensated fairly for their labor.....if you think everyone should contribute on par with the benefits they have extracted from society....and if you think it's probably not a good idea to starve out the consumers upon whom business relies for revenue and the taxpayers upon whom the govt relies to operate. But of course, the point at which rampant capitalism begins to consume itself is fast approaching, accelerated by supply-side legerdemain.

[@sneifert1968]

This guy is very insightful, he needs more mainstream press coverage

[@logan511962]

good luck with that... that would require actual honesty in news reporting and that's not going to happen in this monopolistic infotainment "news" climate.

[@annalisa14]

“Everybody wins together “ Nick Hanaur

[@leighsydneychina1]

Look at the countries that quantify a "living wage", such as Austalia. What is it based upon. The mimimum wage there is about 15.75 per hour. If you work 30 to 40 hours per week, you can live comfortably. That is what all countries should be aiming for....

[@sniddee]

This video has totally reformed my view on economics

[@nickwilliams8302]

Check out Hanauer's TED talk from a couple years back where he outlines his basic economic philosophy. Good stuff.

[@ohedd]

Lol that's not good. Maybe you should actually tune into an actual economist speaking. This is very basic and flawed HS level economics.

[@nickwilliams8302]

Who would you advise?

[@ohedd]

Idk, how deep are you willing to go? Tyler Cowen has some lectures on KZbin. He's an actual economist and he goes through actual concepts without being biased. Pretty much any economist who isn't politicized is a good option. Krugman was a good option before he became politicized for example.

[@nickwilliams8302]

ohedd I'll have a look. Not that you've demonstrated any critique of Hanauer's position beyond schoolyard insults.

[@samboris9094]

#Nick_Hanauer; you're so smart and you deserve to be rich more than you are today.

[@BenjaminSimonsen]

A great great interview, really interesting, please have him back sometime.

[@thunghiem9594]

I really want to know Nick Hanauer's thoughts about universal basic incomes!

[@vice2fresh1]

YES! Always love hearing Nick speak.

[@arisrayden]

its not about long term or short term to them, its about rich people not giving a shit about others

[@yevgeniygrechka6431]

I really like Nick; his economic ideas are extremely interesting. I would love to see how he came up with these conclusions from economic data.

[@miltonperez3421]

then check out his site probably

[@Youalreadyhaveitall]

amazing, important conversation. thank you Cenk

[@foxtrotA1]

What legislation would be needed to connect minimum wage with the profits of the upper 1 percent??

[@justgivemethetruth]

That's a good idea ... and I would call that basiclly nationalizing the means of production. It's sure to be called communist, and maybe it is, but it is the sensible and only sollution that they give us at this point, it's clear they are not going to do anything but try to turn all Americans against each other and strangle them while squeezing out whatever profit and work they can get from people.

[@youngjack5621]

WONDERFUL INTERVIEW ... THE BEST !!

[@bobrees686]

Shareholder Capitalism (parasitic) ... VS .... Stakeholder Capitalism (symbiotic) ...

[@iLLMaSTa35]

These guys are incredible, and it is so funny how you never actually hear from the legitimate entrepreneurs on corporate media. If Americans listened to patriotic millionaires and progressives we could finally fill the gap between labor and job creation.

[@pattrego2981]

Super interesting and "enlightening" (best definition of progressive)!

[@larrymiller8138]

Exactly

[@manshakhadim3854]

this man knows his shit top interview. TYT ARMY

[@BosomofAbraham]

Thanks for this video, Cenk!!!

[@nanawilson5543]

Really good interview.

[@dadmezz4024]

I see the stock market as a way to share the profits. The problem with the stock market though is that it becomes the runaway train causing pollution, using up of all resources with the outcome of destroying the planet so average people can no longer live upon it. Seems it is time to have a goal for living instead of profiteering.

[@carolynsmith9172]

Henry Ford understood. He raised the pay for his workers so "they" could purchase automobiles. The 1% can just move away from the violence.

[@LifeBetweenTheDash]

Carolyn Smith So true. They don't have to see the ugly if they don't wish too.

[@kamran5461]

That's exactly what FDR told his rich "friends" Give me some of your money and you will get to keep most of it. Or else... pitchforks. Rich people back then were smart, they listened. It resulted in the biggest explosion of middle class the world had ever seen.

[@nataliegb9140]

great discussion!

[@kimisilv]

OMG Nick Hanaeur for president 2020! Great man - great interview!

[@mrzack888]

It's no longer ecosystemic when you have globalization. This is why the best countries have protectionism for their workers.

[@mixaliskonstantinidis6773]

*Well-fucking-said* mr. Hanauer! This is exactly how a *capitalistic economy* works, by _continuous money circulation_ through ordinary people's spending. It's such a *commonsensical* concept, that it makes one wonder how the -supposedly- most prosperous nation in the world has so many _ill-educated_ people.

[@OMGAnotherday]

in the old days (1980's) my boss used to give me a rise without me even asking. The old culture was to pay good people what they are worth. Something horrible has happened since then. So much so that I became disgusted with the whole neocon culture, and started my own business. And in addition lobby to increase the minimum wage. Don't get me wrong, its still incredibly difficult but I just couldn't live with myself, working and this perpetuating a slave environment, its just wrong for the human condition!

[@coopsnz1]

Your a slave to democrats

[@tracylf5409]

Ronald Reagan happened. De-regulation of banks, companies allowed to move offshore & offshore their profit, the rise of the "1%" is NOT "normal"-- it's deliberate predation.

[@coopsnz1]

union boss greed is why business left , just like down under 30 yrs

[@BluePiggy]

"Econo-erotic fantasy." I love it. It's so very, very true.

[@healthinsurance2273]

Awesome interview and great point at end about our democracy being inclusive. Nice!

[@davidcripps3011]

I didn't buy any christmas presents this year and I asked my family and friends not to buy for me. I'm sure I'm not alone. I'm waiting for the news reports saying that this christmas was a terrible year for retailers and there's a recession on the way. Hanauer is right.

[@kierankell4495]

This is what TYT needs more of. No more of those boring panels with guys like Hasan Piker and Grace Baldridge anymore, please. That is not news. This is.

[@freedem41]

Buying the work of old masters? How much better would it be to empower living folk to become those new "Old Masters"?

[@mizmlyn]

Kanye West's comment that "slavery was a choice" pales in relationship to "It's not a necessity; it's a preference!" that Walmart pays its workers so little that they are on food stamps to the tune of $6.5 billion a year. "There is no earthly reason why they can't afford to pay their workers the six or seven or eight billion dollars more a year than it would require for them not to need food stamps."

[@NEILANIL1]

Walmart allows the pay to be low and hours limited to get folks to work for them in return, because majority are already on benefits and would risk losing it if they made more. Think about it, the social programs don't allow for improvement, it keeps you poor. The current system only perpetuate the status quo #YangGangForLife #UBI

[@scottbc31h22]

At 9:30 Manufacturers in the US fail to realize, they are outsourcing their very own clientele. They have shipped the jobs overseas, and stopped the flow of cash through the middle class. Who do they expect will have the money to buy their product? Do the Chinese buy all those products?

[@scottbc31h22]

There is a reason manufacturers have dropped the quality of their product. It's called 'planned obsolescence'. If a product does not last very long, the consumer has to buy another one, therefore spending more money. The Chinese are actually capable of building a decent product. The plant just has to be managed by competent people. There is a German firm that manufacturers in China, but the Germans manage the plants. Quality product, low price. American manufacturers do not want a quality product.

[@scottbc31h22]

Capitalism is sustainable ONLY when there are strong regulations and good ethics in place. Unregulated capitalism will fail quickly.

[@marjoriejohnson6535]

When i was in 4th or 5th grade my grandfather had this discussion with me. He got into the whole idea that E J shoe factory had. Lending money for houses ( actually building and selling to workers) , medical covered ( including dental and chiropracters), shoe vouchers for the family.. the socialist ideas of the company he worked for. Definitely the attitude of " parenting" their workers..many of which barely spoke English. He also talked about how I lived with a father that was self employed,.a farmer. His brothers who were self employed home builders. He got into the circulation of money, profits, and building (his father had a grocery and his grandfather had a shoe factory) it all made sense to me and so does this.

[@abdikayse]

"You and I"? I didn't know Cenk was rich haha

[@ladyrosemary5480]

Incredible interview.

[@markferrari8955]

The reason trickle down economics doesn’t work is because corporations should not pass down profits to its workers. The primary responsibility of a company is to make the highest possible returns to its shareholders. The governments primary function is to regulate the market place that the companies and unions operate in. The unions representing the workers primary responsibility is to negotiate the highest possible wage for their members. The most important of the three above is government, they are required to set the frameworks and rules the other two operate in. CONCLUSION: Don’t expect the businesses and workers to automatically help each other out, that’s simply not their role. Ahhh Governments are bad! Yes they are if half the people don’t vote and the other half blindly follow an ideology yes you get the carpetbaggers we have today, on the other hand if the voters are engaged and educated about policies and the effect of good or bad policy then we will get smart governments.

[@SomnoNaut]

And the problem with that is that workers ARE not shareholders. All Corporation creation should be that workers are part of investors. Also, that structure of voting "shares" should not be shares, but individuals. Present corp structure bylaw is to allow a non-entity (share) to hold power of voting. It MUST be ONLY the HUMANS that are the supposed "group of indivuals" that the GOP loves to tell us WHY the corporation should have rights at all. Well, then the SHARES should be voters, it should be the HUMANS who do. Think of how that changes the whole dynamic.

[@conradseeto7506]

The middle class is the pillar of the American economy. The decline of the middle class is why the recovery from the 2008 crash has been so weak and long. The economy needs people to spend money to power activity but people can't spend money they don't have. Helping the Waltons keep their spot on the Forbes list doesn't do much to drive the economy.

[@coopsnz1]

you idiots buy online overseas to avoid tax . left parasites do this in Australia

[@glindathegoodbtch9734]

Our country could be so much more than it is right now. We need to get rid of the corruption, and get back to living happily.

[@BasedSif]

This interview is so damn good. I'm happy you did it, TYT. Nick Hanauer is a model citizen. Right wing economics are garbage and they sound conventional but are just not true. I hate taxes but it's for the greater good.

[@Mistabanned]

I just became a fan of Nick Hanauer.

[@cvsWebDesigns]

CONVENTION OF STATES NEEDS TO HAPPEN!!

[@autohmae]

Wolf-PAC

[@theswiftschoolofselfhealing]

Nick, is almost good, but through a logical means, not through his heart or enlightened awareness. "Who want to not have to pay their employees...." Nice Nick. I'd like him to get a jolt of awakened awareness and then see what he comes up with. He is a good start but we can all do better. Capitalism is not a good model. Look at the world history. He is a consumptive bloater. That is a problem.

[@cookiecola5852]

If there is a way to make money on cruel way capitalistic system is always a problem

[@GregoryWonderwheel]

It is hilarious that he says "If you're like us" as if Cenk is in the same economic class as he is. Hanauer is right on with virtually all his points. The econ-erotic fantasy is exactly what is wrong with the rationality of the ownership class.

[@Zev123]

Well although Cenk isn't a billionaire, TYT does pretty well, I think Cenk does not need to worry lol

[@ohedd]

Typical Marxist sentiments to associate an opinion with a class and attack it with identity politics rather than actual arguments.

[@kkay3784]

Small businesses may have a harder time with a minimum wage increase initially, as wages are connected to other expenses. It would be great if the wage increased with an assist for the smaller businesses until the wage increases are actually felt in the economy overall. I think there is an idea along these lines by political candidate Jim Keady in New Jersey. But our economy isn't only affected by minimum wage, though that is certainly an important component. The available work overall is a huge issue. The amount of work that there is, affordable education leading to well paid work, the need to compete in a green economy, add more here...

[@summersunshine9881]

I know this is going to sound sooo very inappropriate and left field but I think my panties got wet after listening to Nick on this video...Damn...I LOVE MEN THAT HAVE THE BALLS TO SAY WHAT NEEDS TO BE SAID and says it with such passion and intelligence. I can totally see why he is a billionaire. I love his Modesty and his ability to teach a caveman how to understand Capitalism, corporatism, economics, supply, demand and so much more...HE NEEDS TO BE ON SOMEONE'S VP TICKET!!!

[@Optimistic_Fool]

Why is it the only flaw we focus on of capitalism is systemactic inequality? I am beginning to feel to many people think that's the only flaw and there for capitalism might be fixable. Sorry I am skeptical of people who benefitted from a system claiming they trully understand the problem however I am listening have been since his first Ted.

[@jeremiahwilson1781]

his TED talks are on KZbin. Damn good stuff. 2 of em in particular. First one is quick but basically he talks about how workers with money create jobs (which Reich has been saying for decades) and trickle down economics is a bullshit lie. The second one i saw basically was addressed to his fellow plutocrat richers (hes mega rich) and hes basically warning them that if it keeps on like this...the working poor will be coming after them with pitchforks.

[@nevermindshort3]

Truth is patriotic

[@charlestreibley9904]

A great and honest take on the current greed in the system!

[@SomnoNaut]

Definitely agree with tying highest income to lowest income.

[@markaaron9957]

Why unnecessarily grant legal "person" status when you know these "persons" will inevitably be sociopathic? And with a lot of money.

[@ashishmathur9984]

Why isn't he running for president. He's a billionaire and t a compassionate one.

[@BruceLeedar]

US President is one of the most difficult jobs in the world. Only people with gigantic egos can actually survive, and this guy seems a bit more balanced. Most of the work is governance, not change. Besides, for a millionaire (billionaire?), the bully-pulpit of the White House, it's only meaningfully transformative capability, is redundant.

[@yourefired807]

He is fooling you so much. Look up the working conditions and pay for people who work for Amazon, and then you decide if this man practices what he preaches. He does not.

[@Zev123]

+You're Fired ! A (former, I think) board member at Amazon, has little to no influence on jobs other than executives. He is not an executive at Amazon.

[@yourefired807]

he was the first non family member investor in Amazon. He would not have the massive platform he has now to make these speeches if he didn't make all the money that he did.

[@snipervictim]

God bless is what Cenk says wow that says it all.

[@bobieawuah5879]

Increase the minimum wage and Tie it too inflation.

[@justgivemethetruth]

Nice picture, is that meant to discredit your idea or just being a jerk?

[@oldladywhocares3223]

Usually I can figure out people's spelling errors because they are texting finger errors from hitting the key next to the one that should be there. Just be kinder when you read.

[@BosomofAbraham]

He needs to sit down and talk to Gary Johnson.

[@theMosen]

I hope that happens. I hope he can help Gary see the light.

[@vladark138]

Ha-Ha, did he say "thank you Turk" in the end ? :)

[@JemLeavitt]

Good video. Ty.

[@chetzmom65]

Cenk! This is the kind of interesting, thoughtful interview that makes me love TYT! Why, why WHY are you wasting your time on ENDLESS Trumpzilla stories????? I would love to see Nick debate a conservative economist ... any one of them ... or one of $hillary's hacks, looking for a job in her administration. Nick would CRUSH it!

[@AlecArtComics]

look on my channel. I have the video where Nick Hanauer debates Ben Shapiro, a right wing analyst. It's an extremely interesting exchange!!!

[@aresmars2003]

The problem with minimum wage is that the cost of living varies by location, so minimum wage in a high-cost area is too low, and minimum wage in low-cost areas is too high.

[@Peter-ft5xg]

oh my god 8$ an hour is obnoxiously low living anywhere.

[@shandcunt9455]

Australia is a big wide place, with varying levels of cost of living, with Sydney and Melbourne being the most expensive.....yet have had a $15 min wage for ages and it works fine

[@aresmars2003]

$1 AUD = $0.77 USD, so $15 AUD is $11.55 USD.

[@shandcunt9455]

Thats not how price comparisons work, One of the most easily understandable comparisons that is used is the Big Mac Index. It doesn't matter if $15 Aus is $11 USD, what matters is how much you can buy for that money. www.economist.com/content/big-mac-index

[@shandcunt9455]

To be fair, you shouldn't trust anyone on the internet full stop. I was leaving a comment about to show that minimum wage isn't going to break the economy and it was based on when I first started working when it was $15.50 I think. But yes, you are right, it's higher now.

[@paulrevere47]

huh, lol, say Cenk, interesting how Nick drew his economic situation as 'we both know'. jus' sayin' mate... Interesting and productive conversation btw...and Cenk, ya let 'em talk...good job!

[@herop5758]

win-win-win strategy.....!!!

[@stankwho]

How about a basic income and you can eliminate the minimum wage

[@freedem41]

If anyone could reverse the predatory economy Nick Hanauer could do it . If every day workers could own the robots instead of those who do then their productivity increase would fall to those workers. By allowing vertical monopolies the costs go up and quality goes down. By investing in radical theory "Y" businesses he would create that reality.

[@miltonperez3421]

Oh you mean modern-communism. Where the workers get to own a stake in the company they work for.

[@freedem41]

That has certainly worked in many cases, not just owning stock but actually electing those higher up. Also in Japan they have made available Robots that enhance productivity and made sure that corporations would buy their productivity. By providing investment to individuals, and a mechanism by which their productivity could be worked into the market, all sorts of innovation would come flowing out, that each individual would have robot "workers" and instead of crushing jobs,and sucking the wealth away, unlimited job growth and productivity with less individual "labor" would be created.

[@robinkatsu]

i heard that in the usa the minimum is 7 dollars an hour. How can some one live from that. how do they actually do it

[@sniddee]

Borrowing money and taking advantage of government programs.

[@jeejee6956]

and working 2 jobs, and working at 75 yo

[@is_it_nathan]

Working 80 hours a week to survive while slowly getting into more debt week by week :p

[@NightfallGemini]

It's not living and it's not survival. It's a slow death by design.

[@ohedd]

I live on minimum wage. I can save about $300 bucks a month and I own a car, and a motorcycle including insurance. If you can't live on a minimum wage you're probably not very smart.

[@jeejee6956]

Nice interview

[@dayjohnvazquez7854]

Love it

[@luigirebollos9029]

why not link most minimum wage with inflation?

[@jesusbandaxD]

because people should be paid what they are worth and the value they add to the economy. not for their survivals sake.

[@luigirebollos9029]

I don't think you were listening to the interview

[@jesusbandaxD]

not yet i just started listening to it but im going through some of the comments :p

[@luigirebollos9029]

listen then reply.

[@PoliticalEconomy101]

Bernie for pres, Nick Hanauer for VP

[@mars54mars54]

shareholder economics... exactly. So is the real problem the corporations believing in unlimited growth and profit, or the demands for such by the investors?--ie, everyday amerikuns who believe in paper profit is of higher value than the labor that created that wealth?

[@Manuellaborer]

Nick Hanauer FTW!!!!

[@IggyInBurnaby]

Cenk and TYT are sooooo biased, but sometimes they have interviews that totally make sense, like this one! Well done.

[@StarvingPoet]

Every news organization is biased to an extent though, so at least TYT is open about it and willing to critique their own viewpoints at times, unlike more traditional news outlets that still hide behind antiquated ideas of totally objective news.

[@thomaseelvelt907]

Even though I think Nick is correct on the subject I would like to know his stance on public health care. Just because he argues that he's a capitalist through and through. Does anybody have a source for this?