Who does Hanauer say are the "true job creators," and why?

What is the main solution that he offers, and how can it be implemented effectively?

What ethical framework, of the three we've studied, is implied in his reasoning about the solution? Do you think it's adequate? Be specific about how you see a particular form of ethical reasoning exemplified.

Question

13-12-2023
Social Studies

High School

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Who does Hanauer say are the "true job creators," and why?

What is the main solution that he offers, and how can it be implemented effectively?

What ethical framework, of the three we've studied, is implied in his reasoning about the solution? Do you think it's adequate? Be specific about how you see a particular form of ethical reasoning exemplified.

Answer :

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paulrishi66501 paulrishi66501 · Answer 1 · 2023-10-19T18:50:59-04:00

Final answer:

Nick Hanauer identifies middle-class consumers as true job creators and his solution is a 'fair wage' economy. He proposes this can be implemented by increasing the minimum wage which he believes will result in a more prosperous middle class and economy. His ethical reasoning aligns with 'Utilitarianism'.

Explanation:

American entrepreneur and philosopher Nick Hanauer refers to middle-class consumers as the 'true job creators'. He argues that without a robust middle class to purchase goods and services, businesses will falter and the economy will stagnate. Hanauer's main solution is a 'fair wage' economy - increasing the minimum wage to a level that would allow the middle class more buying power, thereby stimulating economic growth.

Implementing this solution, he suggests, could happen through policy changes, such as governmental mandates to increase minimum wage levels. In Hanauer's view, a more prosperous middle class means a more prosperous economy.

The ethical framework underlying Hanauer's argument appears to be 'Utilitarianism', which emphasizes the maximization of overall happiness. It seems adequate, as it aligns with his position that enacting policies to create a fair wage economy will improve overall society's welfare.

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