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Idaho’s Price copes with backlash against the raise that roared – Gravity Payments

here are times when Dan Price feels as if he stumbled into the middle of the street with a flag and found himself at the head of a parade.

Three months ago, Price, a 31-year-old Idaho native, announced that he was setting a new minimum salary of $70,000 at his Seattle credit card processing firm, Gravity Payments, and slashing his own million-dollar pay package to do it. He wasn’t thinking about the political clamor over low wages or the growing gap between rich and poor, he said. He was just thinking of the 120 people who worked for him and, let’s be honest, a bit of free publicity. The idea struck him when a friend shared her worries about paying both her rent and student loans on a $40,000 salary. He realized a lot of

By PATRICIA COHEN

Full Story: http://www.idahostatesman.com/2015/08/01/3920801_idahos-price-copes-with-backlash.html?rh=1

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