Better take $12/hour minimum wage now, Nick Hanauer tells business community, or face $16 in ’16

They think $12 is high! Here’s their real choice: They can accept $12 now, or it will be much, much higher. If you’re the Association of Washington Business, you should run, not walk, to Olympia and demand they pass that $12 wage bill.

— Venture capitalist and well known philanthropist Nick Hanauer, telling Danny Westneat that the state’s business lobbies would be wise to embrace raising minimum wages to $12 now, or have an initiative campaign to raise the state’s minimum wage to $16 to look forward to in 2016.