This company raised minimum wage to $70K- and it helped business

Dan Price, CEO of Gravity Payments, raised his company's minimum wage to $70,000, cutting his own salary significantly. This decision was driven by his concerns about income inequality and the rising cost of living in Seattle. The wage increase led to improved financial security for employees, increased company revenue, and significant media attention. Despite some challenges, such as employee resignations and client losses, the company experienced growth. Employees showed appreciation by gifting Price a Tesla. Price's actions have influenced other companies to reconsider their wage policies.

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