How $70K salaries transformed a startup
February 28, 2020 /
“People are starving or being laid off or being taken advantage of, so that somebody can have a penthouse at the top of a tower in New York with gold chairs.
“We’re glorifying greed all the time as a society, in our culture.
Gravity Payments founder Dan Price gave all employees a $70,000 salary, and cut his own pay, five years ago, and it’s transformed the startup and employees’ lives. Staff members say workload has been reduced, they’re more engaged and productive at work, they’ve paid off debts, and they’re saving more for retirement.