$ 70,000 ... the rest of the story

[Axtremus]

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.

[George K]

@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?

[Mik]

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.

[Doctor Phibes]

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?

[Axtremus]

@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.

[Copper]

Eliminate food stamps

Problem solved


[taiwan_girl]

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