YouSaid · the spoken record

Nick Hanauer

lines on the record: 171
first: 2015-06-21
most recent: 2015-06-21
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Yeah. Like, so for instance, we passed a criminal background checks bill in Washington state. And all that bill does is require anyone who buys a gun from anyone to go through the national check to find out if you're a criminal or a psychopath.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“They've done this in a number of places, and it actually reduces suicide. It works. It works. It works. They don't just not jump off that bridge. They don't commit suicide. Again, because it's an impulsive decision. Somebody's having a horrible day, something terrible happens to them. They're chemically imbalanced at that moment and they make this split second decision to do it. If you don't have a gun with an easy access, the chances that they're going to actually kill themselves go down dramatically. Really? And so that's why things like safe storage are so important and that's why having guns laying around all over the place are terrible from that point of view. But, you know, there's simply no doubt that there is a perfect statistical correlation between the number of guns in a community and the amount of gun death. And we need to find ways to reduce the gun violence in our society back to civilized levels. And, you know, that's just going to take a bunch of good new policy.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That pulse, if you stop at. So, this is why if you put a fence up on a bridge, suicide dramatically is reduced, because people get to the bridge and they're like, oh, this is too much trouble. I'm going home. I swear to God, you would think that a little fence wouldn't stop you if you wanted to kill yourself. If you're going to kill yourself. It's a big decision, six-foot fence. I know. And you're like, ah, it's too much trouble. They go home.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, and the thing is that having a gun within easy access massively increases the rate of successful suicide because you don't miss with a gun. And what people don't understand about suicide, before I came to this work, I really hadn't thought of it. But suicide to most people, you conceptualize suicide is this very, very planned out rational thing where somebody says, you know, I'm done with it all. I'm going to take my life and there's nothing you can do to stop them. Nothing could be farther from the tooth. Really? Suicide is an emotional act in the moment.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, the view is from a lot of people that feeling safer is the same as being safer. I realize that there are a lot of people who own guns who feel safer. Sure. But you're actually not safer. And statistically speaking, in fact, you're less safe and the people around you are less safe. A huge problem, of course, is suicide.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, if you're a woman and your husband has a handgun, not a good thing, not a good thing. Not a good thing. Statistically speaking, and you know that.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Possibility. Oh, yeah. What's the date on that? It depends on the circumstance. But for sure, having a gun massively increases the risks that you or someone in your family will be killed with a gun. Really? Yeah, yeah. So particularly if you're a woman.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Policies that lead to fewer people getting killed with guns. And of course, we have a gun safety crisis in the United States. I mean, the rate at which people are killed by guns here is something place between 10 and 100 times higher than it is in basically any other civilized place.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Ranges, and you're sort of stuck in the right. You know, there's only so much you could do with that. Everybody wants to come. Everybody wants to come. Well, there are a lot of jobs.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Even reasonable compared to. You guys are reasonable. To New York for sure, for sure. But it's still, you know, cities either grow or they shrink. If they shrink, you have one set of problems. If they grow, you have another set of problems. But that's a better set of problems. It's a high-quality set of problems, but it is a set of problems and affordable housing is a big challenge for a geographically kind of contained place like Seattle. Well, you have two different”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Booming I know I read something Silicon Vall Right. And part of the reason it's on fire is that we pay our low wage workers more than other places pay them so those workers can participate more robustly in our economy. How's that?”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's what it is. It's a way of controlling people's behavior. Because if I can intimidate you into believing that if you get higher wages, I'll fire you, then I blunt the aggressiveness that you'll pursue higher wages. And that's what this is all about. In fact, in Seattle, which already pays way, way, way higher minimum wage than places like New York or any other place in the country for fast food workers in particular, we don't have fewer restaurants per capita. We have more restaurants per capita. We have more restaurants per capita in Seattle, Washington than you do even in New York. The only major city in the country that has more restaurants per capita than Seattle is San Francisco that pays even more than Seattle. And this is because when restaurants pay restaurant workers enough so that even they can afford eating restaurants, guess what? It's pretty good. It's pretty good for the restaurant business.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Right, exactly. And, you know, the reason I wanted to come to New York is to make it clear that the only thing that's true about the statement, the claim when wages go up, employment comes down is that if people like me can get workers to believe it's true, it would be very good for people like me, right? But then in reality, this claim is a scam. It's an intimidation tactic”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Okay, but it went up 88% in one year, and unemployment plummeted from like 5% to 2% over the next couple of years. To be clear, there's abundant evidence that the more money you pay workers, the better business will be and the more workers you'll need. But here's the point. Here's the point. Despite the fact that this has been totally discredited, it does not stop industry and political leaders from saying it again and again and again and again.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Now It turns out that's not even true. Oh, really? Yeah, yeah, that's not true. So if we double the minimum wage the one in the 40s, late 40s, the minimum wage went up 88%.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“One thing was public policy. What else do you guys look at? Yeah, and I just want to be on this one point for a minute longer because the pushback on this has been the so-called economic theory that if wages go up, employment will go down. That's been fair.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That paying people a reasonable way. Newslash, when you stop treating people like chattel, things get better for everybody, right? This is sort of an old lesson from humanity. You know, the better we treat one another, the better it goes for everybody in general. And again, this comes back to my early statement, being rapacious doesn't make you a capitalist, makes you a jerk. That's at Nick Hanauer on Twitter.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Perfect. Why are we subsidizing that as taxpayers? Exactly. That's what I don't get Exactly. And, you know, I'm an old fashioned capitalist. I think that wages are the way that we do this in a”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Everybody to pay their workers at least enough so that they can participate in the economy and so they don't need government services.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the minimum wage is a great example of that, right? The minimum wage. Is a way to solve a collective action problem. So from the point of view of the individual business, of course, paying poverty wages is awesome. I pay my workers nothing. My profits are high. But you have a business and you pay your workers good wages. So your workers can buy stuff from me. Now, sadly vice versa. Sadly, it won't work out the other way. My workers will not be able to buy anything from you. But what do I care if I can get you to do that deal, right? Your workers pay taxes. My workers don't pay taxes. In fact, they need food stamps and Medicaid that your workers will provide. Again, so who wouldn't want that deal? But the problem with that deal, Barry, of course, is that not everybody can have that deal because everybody has that deal. Who will buy the stuff? Who will pay the taxes? And the only way you can solve that problem, which is a collective action problem, is by requiring”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Even then, in Texas, the military must have read about this. The military was doing exercises in Texas. And Greg Abbott calls out the National Guard to protect Texas against the U.S. military or whatever it is. It's just nuts. So just a shift.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah. I don't know. It's like this odd psychopathology where you've got this minority of people who have convinced themselves that anything we do together is somehow a bad thing. Except for them.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“With the need to solve collective action problems, which is what civilization depends on, society. Exactly, right? Common defense, defense, you know, all these things. Should we put our own fires out or should we have a fire department? Should I have to hack my way from my house to your house with a machete through the woods? Or should we build a road in between our houses, right? How has that gotten so confused? I have no idea.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“In the United States. No, it's crazy after Because you need roads that are paved. Yeah, yeah. No, it's extraordinary. And, you know, the thing is that we have this weird sort of mental disease in this country that is somehow like a whole bunch of us have confused suffocating collectivism, which is bad”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes. You don't understand capitalism. Being rapacious doesn't mean make you a capitalist. It makes you a sociopath and a jerk. Okay, there's a difference.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“60 million people. In my opinion, a reasonable overtime threshold is to the middle class what a minimum wage is to low wage work. It's an indispensable labor protection, an indispensable labor protection. You can't have a thriving middle class unless you have a reasonable overtime threshold. Otherwise, you soften the labor market and you get people to work for free. And both of those things are incredibly corrosive. So now how do you...”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Exactly. A touch higher. So, my reasoning is look, if you earn more than two-thirds of your fellow Americans, good for you, you're on your own. But if you earn less than the top third of Americans, you're working for somebody else. They're telling you what to do. And if you work more than 40 hours, you should get paid for it. And so we went on a campaign to try to persuade the Obama administration in their rulemaking process to bring that threshold back up to a reasonable level.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, yeah. That's a substantial number. But I mean, you know, 75 million or 80 million full-time workers in the United States, you know, the vast majority of us are working overtime. Now, I don't think everybody should get overtime. Barry, I don't think you should get overtime. Lawyers, doctors, accountants. No, here's the thing. What I wrote a piece that appeared in Politico a few months ago called Whatever Happened Overtime, in which I argued that we should bring the threshold back up to the high watermark, which would be 69,000 plus or minus today.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I mean, you know, half of them are, you know, sort of half of them are, if you're hourly, you automatically get overtime. And I think there are 60 or 70 million hourly employees. Is that mixed?”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So we have becomes a vicious cycle. It's a vicious cycle, right? It's a feedback loop. And so we have this persistent high level of unemployment and a huge part of it is the fact that employers are using this loophole essentially to get workers to do the work of one and a half workers rather than employing more workers to do that work”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Parents are working 70 or 60 hours a week, they're not helping their kids with homework, right? So there's the whole impact that this extra work has on the family, but the more insidious economic effects aren't just that you're getting cheated out of the pay of 20 or 30 extra hours of work. More particularly... What it allows people like me to do is take three jobs and turn it into two. Because if I can get two people to work 60 hours a week, I don't need three employees. I only need two employees. Right. Right. And what that does is it obviously softens the labor market. It pulls a job out of the labor market. And by pulling a job out of the labor market, you increase the rate of unemployment, which in turn softens wages.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That contributes to it, of course. And if you are in a union, your union has almost certainly negotiated that for you. But if you're not in a union, and 90% of people in America are not in unions, that means that if you earn $25,000 a year being an assistant manager for Jack in the Box or whatever it is, your employer can work you 70 hours a week and not pay you for the extra $30 that you work. And there are a number of things that are really terrible about that. Let's start with the fact that it wrecks your life. We wonder why people, why our schools struggle?”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“No, no, no, no, no, no. This is all because this labor standard has been allowed to, it just hasn't changed over decades. Oh, so”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And so here's the thing is that in the day, Barry, when we had a thriving middle class, something like 63% of salaried workers were entitled to overtime if they worked more than 40 hours a week. Today, that number is like 9%.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The country the most in the world. Absolutely. And in fact, there was a recent Gallup poll that showed that the average American full-time worker work 47 hours, not 40. And that's not counting the email you're doing at midnight, right? Right, exactly. And so...”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's a poverty. Yeah. Yeah. You automatically are entitled to overtime no matter what. But if you earn more than $23,600 a year, let's say, and your employer pitches you a fake title like assistant manager, they can force you to work 70 hours a week and not pay you for the extra 30.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So the president of the United States through a rulemaking process within the labor department has the power to change the threshold number, the salary number below which people are entitled to overtime if they work more than 40 hours a week. And in the day when.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“In Seattle, it scales in over five years, more or less, but it passed in Seattle, San Francisco, LA. I'm actually in New York with you, Barry, today because I was asked to testify in front of the wage board that's considering the same thing here in New York State. And so, you know, a lot of energy and work goes into that work. Another one of my projects right now is the overtime threshold, an incredibly consequential piece of policy.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, political economy income inequality. And so my gang in Seattle, a group of collaborators were behind a lot of the whole $15 minimum wage thing, which is weeping. That scales in.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I regret that there probably will be buildings named after us, but the focus of what we do is more political. That if you want to create”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so the difference is that most of the philanthropy that we do isn't sort of the traditional C3 give to the university or whatever philanthropy. Most of the money. You want to build...”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, my wife and I do a lot of philanthropy. I would say most of it is focused on stuff in the Pacific Northwest. How is that”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“It's so big. Like, I'm not used to a company town. I go to a hospital. And when you look at the numbers, my 750 million of sales or whatever it was and 150 million of eBay, Barely moves in there's a rounding error to those guys, right? As success.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Demonstrated what they should have done is they should have rolled it out as a separate entity and had our team run it and put a bunch of stuff that they were doing underneath. Team, and if they had done that, they'd had a hell of a robust business. But instead, they tried to shoehorn it into the giant Microsoft octopus. And, you know, it just didn't work.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, yeah, yeah. It was a fantastic deal. And as we have to tell you that we were very emotional about it because, you know, we had built a great company. It was growing really fast and we felt like there was a ton of runway left. But, you know, as Brian McCander is the CEO at the time, and I, you know, as he said to me at the time, well, this is a deal good enough so that we'll have no regrets. It's not like you look back and be like, well, that was stupid. We should have kept it. Now, as it turned out, Microsoft is a toxic environment for anything that is not Microsoft. And within 18 months, they had destroyed the business. Really? Yeah, they wrote the whole thing off.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I mean, and they were the high bidd And although, you know, I mean, as I recall, we could have done another round of bidding, but we felt like we had gone far enough and it was a fair price and we just didn't want to, you know.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Exactly. And the truth is that there were multiple bidders. And if Microsoft hadn't bought it, then Yahoo was absolutely going to buy it. Oh, really? Oh, absolutely. And there were two others who were in the wings too.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“No, I mean, it was an arm's length deal and, you know, the old saw, Barry, that you don't sell a company, people buy a company. Right.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Ever. Right. Yeah, no, I bought my first airplane with the proceeds of the overstore. What plan was it? It was a citation five.”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“All right, so we did thousands or something like that. I cannot follow me and remember? I'll tell you what, though. I bought an airplane with the money I made. Oh, really? Mark Cuban tells a story that”
2015-06-21 · Masters in Business · Second Avenue Nick Hanauer: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source