Nick Hanauer: Inequality, Minimum Wage and the Risk of Revolt

TED · Talk · 20 min · 2014 · YouTube title: Beware, fellow plutocrats, the pitchforks are coming | Nick Hanauer

Why it's here

HN brings it up in inequality, UBI and backlash threads as an early warning from a rich insider.

What it covers

Billionaire Nick Hanauer warns fellow wealthy people in a TED talk that growing inequality could lead to social upheaval like pre-revolutionary France. He argues a higher minimum wage would grow the middle class and prosperity.