Paying a living wage: who wins?

And some still say raising the minimum wage is something we can’t afford?? They ought to read this!

Prog Chik

According to Gravity Payment’s CEO Dan Price, everyone wins. After raising the minimum wage of his employees to $70,000/year–and cutting his own salary to the same–Gravity Payment’s profits have soared.

“I want the scorecard we have as business leaders to be not about money, but about purpose, impact, and service,” he says. “I want those to be the things that we judge ourselves on.”

And Gravity’s employees are happier–they’re sticking with the company and having babies:

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