$ 70,000 ... the rest of the story
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wrote on 14 Apr 2021, 12:20 last edited by
https://www.huffpost.com/entry/dan-price-gravity-payments-cut-salary_n_60760cebe4b001befb6d8b9f
“Back in 2015, the tech entrepreneur [Dan Price] shocked the business world by slashing his own $1.1 million pay package to help fund a minimum “living wage” of $70,000 for all workers at his credit card processing company Gravity Payments.”
This is a follow up to that story.
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wrote on 14 Apr 2021, 12:27 last edited by
@axtremus said in $ 70,000 ... the rest of the story:
https://www.huffpost.com/entry/dan-price-gravity-payments-cut-salary_n_60760cebe4b001befb6d8b9f
Unless I'm missing it, it doesn't say what his salary is now. Is it still $70K?
I made a lot of personal changes. But I still had savings and made a fair salary. I don't miss anything about the millionaire lifestyle. Money buys happiness when it gets you out of poverty but not when it gets you from well-off to very well-off.
What funded his savings, and what was his "fair" salary?
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wrote on 14 Apr 2021, 12:39 last edited by
Good for him. But I think it worked because it is the anomaly. If every company did the same it would simply be status quo. As it is it becomes the most desirable employer.
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Good for him. But I think it worked because it is the anomaly. If every company did the same it would simply be status quo. As it is it becomes the most desirable employer.
wrote on 14 Apr 2021, 14:48 last edited byI wonder about Amazon. I read somewhere that huge numbers of Amazon employees are on food stamps. Not Jeff, obviously, he stamps on food.
What I wonder is, are we subsidizing their low prices, and by extension Jeff’s alimony payments?
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I wonder about Amazon. I read somewhere that huge numbers of Amazon employees are on food stamps. Not Jeff, obviously, he stamps on food.
What I wonder is, are we subsidizing their low prices, and by extension Jeff’s alimony payments?
wrote on 14 Apr 2021, 15:01 last edited by@doctor-phibes said in $ 70,000 ... the rest of the story:
I wonder about Amazon. I read somewhere that huge numbers of Amazon employees are on food stamps. Not Jeff, obviously, he stamps on food.
What I wonder is, are we subsidizing their low prices, and by extension Jeff’s alimony payments?
Yes.
https://thecounter.org/15-minimum-wage-amazon-top-employer-snap-recipients-walmart-mcdonalds/
The other two employers with large numbers of employees on food stamps are Walmart and McDonald’s.
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wrote on 14 Apr 2021, 15:26 last edited by Copper
Eliminate food stamps
Problem solved
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wrote on 15 Apr 2021, 01:24 last edited by
The wallets of people do the voting of where to shop and buy.
It is easy to say (and many people do) things such as:
- buy more USA made stuff
- every worker should make USD $XX per hour
- no full time worker should have to: (take food stamps, work two jobs, go on welfare, etc etc)
But, most of us
- if buying two dresses of the same quality, one from US for USD$100 and one from China for USD$50, will buy the $50 dress
- will enjoy a cheap all you eat Chinese buffet, which is so cheap because the workers are illegal and work only for tips, no salary
- complain if the cost of fruit and vegetables increases, because the food companies have to pay a higher rate to the people who pick the fruits and vegetables