Friday, February 14, 2025
Header  Sample Ad
HomeNewsCityThis CEO Just Raised His Company's Minimum Wage to $70k A Year

This CEO Just Raised His Company’s Minimum Wage to $70k A Year

Dan Price, the CEO of Gravity Payments, a Seattle-based credit card payment processing firm, has raised the minimum yearly salary for every employee at his company to $70,000. It seems there are still a few rich folks out there willing to set revenues and earnings aside, even just a little, to help their employees.

Price, who launched his company in 2004 at the age of 19 and now earns a cool $1 million a year, decided he wanted to give back to his employees. His 120-member staff, including customer service reps, salespersons and low-level clerks can all expect a nice increase in their salaries.

Price is even doing so at his own expense. He’s reduced his own salary and is dipping into company profits over the next few years to make this happen. He’s willing to do it because he knows the impact it will undoubtedly have on his employees. Currently, the average Gravity employee earns $45,000 a year.

Gravity is proof that there are still a few good folks out there willing to help us chumps who struggle to make ends meet. It’s estimated that by 2016, the richest 1% will control over 50% of the world’s wealth. Proof enough that the wealth gap is only increasing.

While we’re less than hopeful that other companies and CEO’s will follow suit, this good deed sheds a great deal of light on wage inequalities that continue to persist.

Source

 

 

RELATED ARTICLES

8 COMMENTS

  1. I just want to say I am just beginner to blogging and honestly liked your web-site. Very likely I’m likely to bookmark your site . You really have terrific article content. Thanks a bunch for revealing your web site.

  2. Greetings I am so excited I found your weblog, I really found you by error, while I was researching on Yahoo for something else, Anyways I am here now and would just like to say thanks for a marvelous post and a all round thrilling blog (I also love the theme/design), I don’t have time to go through it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read more, Please do keep up the awesome job.

  3. The URL is needed to figure out the security zone, which is needed to ascertain the condition of the ActiveScripting setting. Completely ad-free, this website is quite easy to navigate and enables you to locate what you need fast. It’s a website that will permit you to really observe plenty of svg files created by very talented people at an affordable price. Everyone can join and add to the undertaking. This facility is known as SVG fonts.

  4. The URL is needed to figure out the security zone, which is needed to ascertain the condition of the ActiveScripting setting. Completely ad-free, this website is quite easy to navigate and enables you to locate what you need fast. It’s a website that will permit you to really observe plenty of svg files created by very talented people at an affordable price. Everyone can join and add to the undertaking. This facility is known as SVG fonts.

  5. It is usually most suitable occasion to prepare some schemes for the upcoming. I’ve scan this blog and if I should, I wish to encourage you couple significant advice.

  6. Unbelievably intriguing information that you have said, a big heads up for putting up.

  7. I merely wish to tell you that I am new to putting up a blog and certainly adored your article. Probably I am most likely to remember your blog post . You literally have amazing article blog posts. Truly Appreciate it for discussing with us your current url page

Comments are closed.

Most Popular

Recent Comments

Ricky Franco on La Catrina Mexican Food
Nikita Brown on Live Music In Brampton
Kevin Montgomery on Why LRT Is Good For Brampton
Kevin Montgomery on Why LRT Is Good For Brampton
Michael Silbermann on 14 Signs You Grew Up In Brampton
Lynn on 14 Signs Yo