Best Boss in America? This CEO Raises Company’s Minimum Wage to $70,000 A Year, And Things Got Weird!

A CEO of the company got his company's employees average wage from minimum to $70k and later things got weird. Read the article to know more.

A CEO of the company got his company’s employees average wage from minimum to $70k and later things got weird. Read the article to know more.

Dan Price the CEO of Seattle’s Gravity Payments.

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In 2015 Dan was in the news for the bold plan that he announced, to pay each of his 120 employees at least $70,000 a year. Many people were in shock thinking that was he nuts!?

Then the Great Recession came.

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So during the recession Dan just like any other company out there kept his salaries low, so many employees were frustrated and worked hard to make ends meet. But Dan didn’t have to worry his salary of $1.1 million was about 23 times Gravity’s average of $48,000.