Business Quote by Nick Hanauer
“Raising the minimum wage allows business people to stop thinking about workers simply as costs to be cut and allows you to start thinking about workers as customers to be cultivated.”
About This Quote
Source Speech: Economic Forum, Nick Hanauer, 2015
Argues that higher minimum wage shifts perception of workers from cost to valued customers, fostering business growth.
In simple terms: Higher wages change view of workers to customers.
Key Takeaway
Support policies that value employees.
Themes
economics
labor
business ethics
Mood
analytical
optimistic
Type
policy
economic
When to use this quote
- policy advocacy
- corporate strategy
- employee training
Key Concepts
human capital
customer relationship management
Questions to Reflect On
- How would higher wages affect your business model?
- What steps can you take to view workers as customers?
A Different Perspective
Implementation may increase short‑term costs for small firms.
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