Paying Workers More Is Good For Business: Gravity Payments CEO

The speaker discusses their commitment to paying fair wages to employees, highlighting the positive impacts on employee well-being, such as debt reduction and increased savings. They critique the notion that free markets solve all problems, arguing that collective actions and strong unions are necessary for addressing issues like long work hours and child labor. The speaker shares their personal journey from a conservative Christian background to advocating for fair business practices, inspired by supporting small businesses against larger institutions.

What was one of the positive outcomes for employees after the wage increase?

• Increased working hours

• Higher debt levels

• Improved savings rates

• Decreased job satisfaction

According to the speaker, what did free markets fail to address?

• Healthcare access

• Environmental issues

• 80-hour workweeks

• Technological advancements

What does the speaker suggest is necessary to solve issues that free markets cannot?

• Government intervention

• Collective actions and strong unions

• Increased competition

• Higher taxes

What was the speaker's background before getting involved in business?

• Professional athlete

• Corporate executive

• Idaho kid with a focus on helping people

• Economics professor

Who was Heather Hempel in the speaker's story?

• A large corporation CEO

• A government official

• Owner of a small coffee shop

• A famous entrepreneur