Nick Hanauer, Seattle-based billionaire, venture capitalist and co-founder of Amazon.com

“We have been raising the minimum wage for 78 years, and as a new study clearly reveals, 78 years of minimum-wage hikes have produced zero evidence of "job-killing" consequences … On the contrary: When workers have more money, businesses have more customers and hire more workers. That is the virtuous cycle that has always described the way market economies actually work.”