*In an unprecedented corporate move, one CEO, Dan Price, who apparently wants his workforce to be ‘happy’ has announced he will slash his own salary and raise the salary of each of his 120 employees over the next three years – with the minimum salary being set to $70,000; and this includes clerks, customer service representatives and people working in the sales category.
Hey corporate world are you listening?
Its a known (and embarrassing) fact that this country has some of the lowest paid employees and the fight to raise the minimum wage has reached a crescendo over the past few years.
“The United States has one of the world’s largest pay gaps, with chief executives earning nearly 300 times what the average worker makes,” reports the New York Times.
Price is the founder and CEO of Gravity Payments – a credit card payment processing firm that he started at age 19 in his college dorm at Seattle Pacific University. His company processed over $6.5 billion in transactions; spanning over 12,000 different companies last year alone.
His annual salary is one million dollars. But that’s about to change.
Read more at EURThisNthat.