All posts tagged: hanauer

Rich people do not create jobs!

Current Affairs

The most important reason the theory that “rich people create the jobs” is absurd, argues Nick Hanauer, the founder of online advertising company aQuantive, which Microsoft bought for $6.4 billion, is that rich people do not create jobs, even if they found and build companies that eventually employ thousands of people. What creates the jobs, Hanauer astutely observes, is a healthy economic ecosystem surrounding the company, which starts with the companys customers. The company’s customers […]