Hanauer in 2016
|Born||1959 (age 60–61)|
|Occupation||Author, entrepreneur, venture capitalist|
|The True Patriot, Gardens of Democracy, Beware, fellow plutocrats, the pitchforks are coming, The dirty secret of capitalism – and a new way forward|
|Children||Cole and Lauren Hanauer|
|Relatives||Adrian Hanauer (brother)|
Hanauer was born to a secular Jewish family in New York City and raised in Bellevue, Washington. His brother is Adrian Hanauer, majority owner of Seattle Sounders FC and a minority owner of the Seattle Kraken. After earning a philosophy degree from the University of Washington, Hanauer began to work at family-owned Pacific Coast Feather Company, where he served as co-chair and CEO. In the 1980s he co-founded Museum Quality Framing Company, a large West Coast franchise.
In the 1995s Hanauer was an early investor in Amazon.com, where he served as an adviser until 2000. He founded gear.com, which eventually merged with Overstock.com, and Avenue A Media which in 2007, under the new name aQuantive, was acquired by Microsoft for $6.4 billion. He has managed, founded, or financed over 30 companies across a broad range of industries including manufacturing, retailing, e-commerce, digital media and advertising, software, aerospace, health care, and finance, including Insitu Group (purchased by Boeing for $400 million), and Market Leader (purchased by Trulia in 2013 for $350 million).
In 2000, Hanauer co-formed the Seattle-based venture capital company, Second Avenue Partners which "looks to invest in promising teams and transformational ideas in a wide range of areas including internet, consumer and social media, software, and clean energy." The company advises and funds early stage companies such as HouseValues, Qliance, and Newsvine.
In 2018, the brothers sold Pacific Coast Feather.
Hanauer is co-founder of The True Patriot Network, a progressive think tank framed upon the ideas he and Eric Liu presented in their 2007 book espousing patriotic progressivism, The True Patriot. Hanauer and his wife, Leslie, co-manage The Nick and Leslie Hanauer Foundation "which focuses on public education and the environment, and additionally supports a variety of progressive causes locally and nationally." Their foundation has supported Seattle Art Museum, Seattle Center Fund, Progress Alliance of Washington, whose vision is a "Washington State that is a healthy place to live with shared economic success and security, and a democracy that works for its people," and Woodland Park Zoo. The couple has also supported the Seattle chapter of the United Way.
Hanauer is active in the Seattle community and Washington's public education system. He co-founded the League of Education Voters (LEV), a non-partisan political organization dedicated to improving the quality of public education in Washington. He also serves on the boards of Cascade Land Conservancy, The University of Washington Foundation. Hanauer appeared in the Robert Reich documentary Inequality for All.
In the wake of the Sandy Hook shooting, Hanauer co-founded the Washington Alliance for Gun Responsibility, whose mission is to "put forward and support commonsense solutions to reduce gun violence." The organization has been the primary backer for several Ballot Initiatives in Washington State. Initiative 594, which expanded state background check laws to all gun purchases. Initiative 1491, authorizing courts to issue extreme risk protection orders to remove an individual's access to firearms. Initiative 1639, to implement restrictions on the purchase and ownership of firearms including raising the minimum age to purchase a gun to 21, adding background checks, increasing waiting periods, and enacting storage requirements.
In June 2014, Hanauer wrote an op-ed for Politico magazine in which he foresaw pitchforks coming for his "fellow .01%ers" if they did not address the issue of increasing wealth inequality. He noted how it would result in the destruction of the middle class and damage to the wealthy class. He made comparisons to the period preceding the French Revolution in the 18th century. Hanauer continues this theme in his podcast - 'Pitchfork Economics with Nick Hanauer' - in conjunction with The Young Turks network.
In 2015, Hanauer founded Civic Ventures and Civic Action, "a group of political troublemakers devoted to ideas, policies, and actions that catalyze significant social change. By thinking, writing, and acting outside the realm of conventional political discourse, Civic Ventures drives the economic conversation and fundamentally alters the status quo in Seattle, Washington state, and the United States."
Nick Hanauer has been a vocal advocate of increasing the minimum wage to $15 an hour, helping to kick off the nationwide movement that has increased the minimum wage in 21 states. In 2013, "as striking fast-food workers across the country began rallying around calls for $15 an hour, Hanauer and David Rolf, a labor leader, kicked off an organizing drive in the small airport community of SeaTac, Washington, that resulted in the country’s first law mandating a $15 minimum wage." In 2014, Hanauer was a member of Seattle's Income Inequality Advisory Group which proposed and eventually passed the $15 minimum wage. In 2016, Hanauer was the largest contributor to Washington State Initiative 1433 which supported "incrementally raising the state's minimum wage from $9.47 to $13.50 by 2020 and mandating employers to offer paid sick leave."
TED Talk controversy
In May 2012, several online news outlets reported that Hanauer's March 1, 2012, TED talk on inequality had not been posted online by TED Talks. In that short presentation, he criticized what he called "an article of faith for Republicans", namely the assertion that "if taxes on the rich go up, job creation will go down", saying:
Businesses and the rich do not create jobs. Jobs are created by a feedback loop between customers and businesses that is set in motion by consumers increasing their demand.
Thus, he proposed the necessity for higher median incomes for workers rather than tax breaks for the wealthy:
As justification for not posting the talk, Chris Anderson, curator of TED, stated that he felt Hanauer's talk was "explicitly partisan" and included a number of arguments such as his "apparent ruling out of entreprneurial [sic] initiative as a root cause of job creation." Moreover, he said, the live TED audience had given the talk mediocre reviews. Huffington Post writer Jillian Berman expressed bewilderment since TED had previously issued talks by politicians such as former U.S. Vice-President Al Gore or British Prime Minister David Cameron without hesitation. Forbes managing editor Bruce Upbin noted that a chart featured in Hanauer's talk displayed incorrect data, showing unemployment increasing steadily from 5.6% in 1995 to 9.3% in 2009, while in reality unemployment had been below 5% as recently as early 2008.
TED reserves the right to post only the talks it considers to be most effective. Hanauer partially defended Anderson's decision in an interview with Sam Seder, saying he could understand that the position he himself offered in his talk might be controversial to the business community and that Anderson might have received disproportionate criticism for his decision to hold back the talk. The original presentation is available on YouTube.
Anderson later decided to add Hanauer's most recent, and longer, talk on a similar theme from TEDSalon NY2014. It was posted on August 12, 2014. Anderson also posted an explanation for his decision and showed himself and Hanauer "burying the hatchet.". His July, 2019, talk, "The dirty secret of capitalism— and a new way forward" is available on TED Talks' YouTube channel. In it he does not explicitly mention any political party but rather calls out the faults of “neo-liberal economic theory” and highlights alternative economic hypotheses.
- "Beware, fellow plutocrats, the pitchforks are coming", Ted Talks, August 12, 2014.
- "The Dirty Secret of Capitalism – and a new way forward", Ted Talks, September 13, 2019.
- "The True Patriot (with Eric Liu)", Sasquatch Books, December 18, 2007.
- "The Gardens of Democracy (with Eric Liu)", Sasquatch Books, November 8, 2011.
- "Raise Taxes on Rich to Reward True Job Creators", Bloomberg, November 30, 2011.
- "The “More What, Less How” Government (with Eric Liu)", Democracy Journal, Winter 2011
- "Rich Americans Aren’t the Real Job Creators", The Atlantic, September 27, 2012.
- "The True Origins of Prosperity (with Eric Liu)", Democracy Journal, Summer 2013
- "The Capitalist’s Case for a $15 Minimum Wage", Bloomberg Opinion, 6/19/13
- "‘Middle-Out’ Economics: Why The Right’s Supply-Side Dogma Is Wrong (with Eric Liu)", The Atlantic, 7/23/13
- "Seattle’s on the vanguard of movement to raise minimum wage (with David Rolf)", The Seattle Times, 8/10/13
- "The Pitchforks Are Coming… For Us Plutocrats", Politico, July/August 2014
- "Capitalism Redefined (with Eric Beinhocker)", Democracy Journal, Winter 2014
- "How a $15 Minimum Wage Would Make Everyone Richer (with Eric Liu)", The Stranger, 3/26/14
- "Why capitalism has nothing to do with supply and demand", PBS News Hour, 7/28/14
- "Redefining Capitalism (with Eric Beinhocker)", McKinsey Quarterly, September 2014
- "A Wealthy Capitalist on Why Money Doesn’t Trickle Down", Yes Magazine, 9/9/14
- "Whatever Happened to Overtime?", Politico, December 17, 2014.
- "The Death of Overtime", Daily Kos, December 15, 2014.
- "This is why the middle class can’t get ahead", PBS News Hour, 12/1/14.
- "Give Americans the overtime pay they’ve earned", The Hill, 12/18/14.
- "Stock Buybacks Are Killing the American Economy", The Atlantic, February 8, 2015.
- "The biggest scam bankrupting business and the middle class", PBS News Hour, March 10, 2015.
- "Is trickle-down economics science or scam?", PBS News Hour, June 1, 2015.
- "Shared Security, Shared Growth (with David Rolf)", Democracy Journal, Summer, 2015
- "Uber Drivers: You Bet They’re Employees (with David Rolf)", The Daily Beast, June 22, 2015.
- "New York should raise the minimum wage to $15 an hour", CNBC, October 12, 2015.
- "Our Economy Needs More People Like Ahmed (with Zach Silk)", Civic Skunk Works, September 16, 2015.
- "Nick Hanauer and Eric Beinhocker: Capitalism Redefined (with Eric Beinhocker)", Evonomics, September 30, 2015.
- "Wal-Mart Is Its Own Worst Enemy", U.S. News, November 25, 2015.
- "Imagine America if Steve Jobs’ father was turned away because he was Syrian", The Seattle Times, December 8, 2015.
- "Schedule workers as you would have them schedule you", The Seattle Times, February 10, 2016.
- "Complexity Economics Shows Us Why Laissez-Faire Economics Always Fails (with Eric Liu)", Evonomics, February 21, 2016.
- "Reflections on the End of the GOP", Civic Skunk Works, March 9, 2016.
- "Traditional Economics Failed. Here’s a New Blueprint. (with Eric Liu)", Evonomics, March 20, 2016.
- "How the GOP scammed its voters… and created Trump", IDEAS.TED.COM, March 31, 2016.
- "Overtime Pay: A Lifeline for the Overworked American (with Robert Reich)", The New York Times, April 21, 2016.
- "A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest", Business Insider, May 6, 2016.
- "Confronting the Parasite Economy", The American Prospect, May 16, 2016.
- "A Threat, Not a Theory", Democracy Journal, Summer, 2016
- "Why Radical Libertarians Are the New Communists (with Eric Liu)", Evonomics, June 21, 2016.
- "The claim that if wages go up, jobs will go down is not a theory – it’s a scam", PBS News Hour, October 5, 2016.
- "Portable Benefits for an Insecure Workforce (with David Rolf)", American Prospect, February 23, 2017.
- "New Economics Says Prosperity Doesn’t Trickle Down. It Comes from the Middle-Out (with David Rolf)", Evonomics, March 10, 2017.
- "Fighting trickle-down economics in Seattle", PBS News Hour, July 17, 2017.
- "To My Fellow Plutocrats: You Can Cure Trumpism", Politico, July 18, 2017.
- "Enough with ‘thoughts and prayers’ – time to act (with Renee Hopkins)", Seattle Times, October 3, 2017.
- "A Zillionaire’s Solution: Tax the Rich and Save the Economy", Politico, October 11, 2017.
- "How to Beat Trump on Overtime Pay", Crooked, April 5, 2018.
- "That $4,000 raise Donald Trump and Paul Ryan promised you was a trickle-down lie", USA Today, April 10, 2018.
- "Kill stock buybacks to save the American economy", Biden Forum, May 9, 2018.
- "Want to Expand the Economy? Tax the Rich!", The American Prospect, June 26, 2018.
- "Democrats Must Reclaim the Center… by Moving Hard Left", Politico, October 14, 2018.
- "This Labor Day, let’s get workers the overtime pay they deserve (with Senator Jim Ananich)", Bridge Michigan, August 30, 2018.
- "‘Homo Economicus’ Must Die", Democracy Journal, October 1, 2018.
- "How to Destroy Neoliberalism: Kill ‘Homo Economicus’", Evonomics, October 13, 2018.
- "Dear Democrats: Don't be corporate stooges too", The Hill, November 7, 2018.
- "Dear Nancy Pelosi and House Democrats: Why Are You Embracing Trickle-Down Economics?", Daily Beast, November 11, 2019.
- "Progressive Labor Standards", Democracy Journal, Winter, 2019.
- "Howard Schultz: A Bad President Under Any Platform", Crooked, February 7, 2019
- "Donald Trump and the Republicans Want You to Work for Free", Daily Beast, March 14, 2019.
- "Bosses like me have had the power to force employees to work overtime for free. It’s time to remind Americans overtime pay is a fundamental right.", Business Insider, June 10, 2019.
- "Democrats are the Party of Growth: A Sympathetic Zillionaire’s Advice to Democrats", Politico, June 26, 2019.
- "Want to Grow Our Economy? Tax Rich People Like Me", Business Insider, July 18, 2019.
- "Democrats Need to Reclaim the Economy Narrative If They Want to Win in 2020", Politico, October 15, 2019.
- "Better Schools Won't Fix America". Dispatches. Society. The Atlantic. 324 (1): 19–22. July 2019.
- Leadership - SAAS Rising http://saasrising.org/leadership/. Retrieved August 9, 2018. Missing or empty
- Engleman, Eric (March 9, 2008), Nick Hanauer's 2007 -- a ride on the tech wave, Puget Sound Business Journal, retrieved September 9, 2014
- Brunner, Jim (February 15, 2014). "Seattle 1-percenter a leader in push for $15 minimum wage". Seattle Times.
He got a philosophy degree from the University of Washington and says he’s had the same political leanings for as long as he can remember. “I come from generations of progressive, atheist Jews,” he said.
- Pacific Coast Feather Company History, fundinguniverse.com, retrieved September 9, 2014
- Kim, Nancy (November 21, 1999), Seeking frame and fortune. Seattle framing chain buys rival, Puget Sound Business Journal, retrieved September 9, 2014
- Isidore, Chris (May 18, 2007), Microsoft buys aQuantive for $6 billion, CNNMoney, retrieved September 9, 2014
- blog entry, Seattle Post-Intelligencer.
- Timmerman, Luke (July 7, 2009). "Qliance Raises $4M To Expand New Primary Care Model, Circumvent Health Insurers". Xconomy. Retrieved November 1, 2010.
- "Msnbc.com buys social news site Newsvine". NBC News. October 8, 2007. Retrieved May 24, 2017.
- Stewart, Ashley (March 30, 2018). "Down and out: Why Nick and Adrian Hanauer sold their family business". Puget Sound Business Journal.
- Hill, Kashmir (February 27, 2012). "How The 'True Patriot Network' Tested Its Political Messages On The 99% Via Email". Forbes. Retrieved July 12, 2014.
- Rahner, Mark (March 20, 2008). "Authors plunge into meaning of "True Patriot"". Seattle Times Newspaper. Retrieved November 1, 2010.
- "About Friends of Waterfront Seattle". Friends of Waterfront Seattle. Retrieved July 12, 2014.
- "Inside Philanthropy".
- "Ballotpedia on 1491".
- "Ballotpedia on 1639".
- Hanauer, Nick. The Pitchforks Are Coming… For Us Plutocrats, Politico, July/August 2014
- "State Minimum Wages | 2020 Minimum Wage by State". National Conference of State Legislatures.
- Worstall, Tim (June 21, 2013). "Nick Hanauer's Near Insane $15 An Hour Minimum Wage Proposal". Forbes.
- Ball, Molly (January–February 2016). "A Plutocrat's Case for Raising the Minimum Wage". The Atlantic.
- "City of SeaTac "Good Jobs Initiative" Minimum Wage Increase, Proposition 1". Ballotpedia.
- "City of Seattle $15 Per Hour Minimum Wage Initiative". Ballotpedia.
- "Washington Minimum Wage Increase Initiative 1433". Ballotpedia.
- Tankersley, Jim. Too Hot for TED: Income Inequality, National Journal, May 16, 2012
- TIME Business & Money, May 18, 2012.
- Berman, Jillian (May 17, 2012), "Nick Hanauer's TED Talk On Income Inequality Deemed Too 'Political' For Site [UPDATE]", The Huffington Post, retrieved September 9, 2014
- Zubenelgenubiii (May 17, 2012), Banned TED Talk: Nick Hanauer "Rich people don't create jobs", retrieved May 27, 2016
- Zubenelgenubiii (May 17, 2012). "Banned TED Talk: Nick Hanauer "Rich people don't create jobs"". Retrieved May 24, 2017 – via YouTube.
- Who are the Job Creators?, June 15, 2013.
- WatchExtraVideo (May 17, 2012). "Nick Hanauer on inequality". Retrieved May 24, 2017 – via YouTube.
- Anderson, Chris. "TED and inequality: The real story". TEDChris. Archived from the original on April 30, 2013.
- Upbin, Bruce (May 17, 2012). "The Real Reason That TED Talk Was 'Censored'? It's Shoddy And Dumb". Retrieved May 19, 2018.
- Majority Report with Sam Seder, May 30, 2012.
- The Majority Report with Sam Seder (May 30, 2012). "Nick Hanauer on His Banned TED Talk & Why the Middle Class are the Job Creators". Retrieved May 24, 2017 – via YouTube.
- "Youtube video Nick Hanauer".
- Hanauer, Nick. Beware, fellow plutocrats, the pitchforks are coming, TED Talks, TED@250, August 12, 2014
- Anderson, Chris. How did Nick Hanauer get onto TED's home page?!, TED Talks, August 12, 2014
- Online version is titled "Better schools won’t fix America".
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