Multimillionaire Nick Hanauer says that those areas that have seen wage increases are supercharging the economy.
This runs contrary to what many conservative think tanks would have us believe. But many of us recognize, as did Henry Ford, that if a worker cannot afford to buy the product he makes, there is little future for that company.
Businesses don't hire new help because they want to be nice to the community or because wages or low. They hire only when they have to hire. And the only reason they have to hire is that there is so much demand for their product they need help.
Mr. Hanauer's comments from an interview with CBC are below. Emphasis is mine.