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