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Gravity Payments CEO Dan Price. (Gravity Payments screengrab) A new proposal in the state Legislature looks to tax Washington state’s billionaires, a move that Gravity Payments CEO Dan Price says is needed to even the playing field. In 2015, Price pioneered a $70,000 minimum salary for his Seattle employees, cutting his own $1.1 million yearly pay down to $70,000 in the process. That spurred years of advocacy related to wealth inequality, something he feels this new bill addresses directly. “We have the most regressive tax system in the entire United States,” he told KIRO Radio’s Gee ...

SHARE In 2015, a Seattle-based entrepreneur named Dan Price “with shoulder-length hair and Brad Pitt looks” made a dramatic decision. As chief executive of Gravity Payments, a credit card processing company, Mr Price cut his annual salary from $1.1 million to $70,000. He also paid all of his employees the same amount. This meant that every single person in Gravity Payments, including the big boss, got equal pay. Mr Price had been socially conscious most of his life, but he struck a nerve when he made that extraordinary move. He decided to do it after he saw a disgruntled employee on a smo...

Higher pay will pay for itself 1/2 2/2 × If companies pay more, it will result in lower employee turnover and higher productivity and profits Enterprises, and even governments, often seek to hold down the pay of employees in an effort to reduce costs. This effort to reduce pay to cut costs long pre-dates pandemic “lockdownomics” and won’t disappear when the pandemic ends. Post 9/11, almost all airlines — except Southwest — resorted to lay-offs and begged for large wage concessions from unions. When US-based automakers struggled to turn a profit, they negotiated two-tier wage str...

Guy Fieri Praised After Raising Over $21.5M for Restaurant Workers Share Guy Fieri Praised After Raising Over $21.5M for Restaurant Workers People are saying Guy Fieri has done 'more than Congress' to help struggling restaurant workers in 2020. Longtime Food Network star Guy Fieri is garnering lots of praise on social media for his great efforts to financially assist unemployed restaurant workers in 2020, with some crediting the Diners, Drive-ins and Dives host of "doing more than Congress" to help people in need. Through his Restaurant Employee Relief Fund charity, Fieri personally sought d...

Ceo announced he was taking a pay cut in order to be able to give his employees a pay raise. according to ""the new york times"," the company has lost business with some clients upset at what they see as a political statement and a publicity stunt. price has also heard from other small business owners who worry the move could drive up their own employee wages and also facing a lawsuit from his own brother, with whom he co-founded the credit card payment processing company. thank you for joining us again. as i understand it, you take issue with "the new york times" reporting that the company ha...