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$15 Minimum Wage Hike Causes Shop to Sell $30 Pizzas, Sales Plummet
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Quote:that all you got? There was one guy at a tech company that decided to pay all his employees 70k because he read somewhere that's what makes people happy. His senior people quit because new people were getting paid what they had worked their rear ends off for and productivity plummeted. CEO Who Raised Minimum Salary To $70k Falls On Hard Times Just three months ago, Dan Price was a progressive hero. To much fanfare, Price, CEO of Seattle-based Gravity Payments, announced he was raising the minimum salary for employees of his company to $70,000, and taking a $930,000 pay cut himself to help pay for his new minimum wage. Three months later, the experiment does not go well. http://dailycaller.com/2015/08/02/ceo-wh...ard-times/ ![]() |
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