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January 24, 2021 10:41 pm GMT

Whatever happened to the company that decided to pay all of its employees a $70K minimum wage?

Back in 2015, Dan Price of the credit card processing company Gravity Payments decided to pay everyone at his company a minimum salary of $70,000 a year, including himself. In the immediate aftermath, only two long-time employees left the company (out of 120 people), and Rush Limbaugh called it, "a case study in MBA programs on how socialism does not work." — Read the rest


Original Link: https://boingboing.net/2021/01/24/whatever-happened-to-the-company-that-decided-to-pay-all-of-its-employees-a-70k-minimum-wage.html

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