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Hero Boss Sets $70K Minimum Wage

By: clo in FFFT3 | Recommend this post (1)
Tue, 14 Apr 15 6:24 PM | 53 view(s)
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Hero Boss Sets $70K Minimum Wage

Gravity Payments founder Dan Price surprised his 120 employees Monday: After reading that money fluctuations are a big problem for those earning less than $70,000, he decided to make that the minimum wage for all the employees at his credit-card payment-processing company. To do so, Price cut his own salary from $1 million to $70,000 (CEOs make on average 300 times an average company salary), and plans to cut into company profit. Thirty people at Gravity will see their salaries double as a result.

READ IT AT The New York Times

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