Nick Hanauer is a rich guy, an unrepentant capitalist — and he has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France. Hear his argument about why a dramatic increase in minimum wage could grow the middle class, deliver economic prosperity ... and prevent a revolution.

Watch more TED Talks on inequality: http://www.ted.com/topics/inequality

TED Talks is a daily podcast of talks and performances from TED events, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.

Find closed captions and translated subtitles in many languages at http://www.ted.com/translate

Follow TED Talks on Twitter: http://www.twitter.com/tedtalks
Like TED on Facebook: https://www.facebook.com/TED
Video Rating: 4 / 5