CEO Raises Minimum Salaries to $70K and His Company Revenue Doubled
Dan Price made news earlier this year when he said he would raise the minimum wage of every employee at his company to $70,000 a year. Despite scrutiny and doubt, it looks like Price made a good call, as his business is succeeding like never before. As ThinkProgress reports: …six months later, the financial results are starting to come in: Price told Inc. Magazine that revenue is now growing at double the rate before the raises began and profits have also doubled since then. On top of that, while it lost a few customers in the kerfuffle, the company’s customer...
Read More