Category: $70k Updates

New digs, new era for Gravity’s Boise team

The best thing about the new building has got to be the Adirondack chairs. Or, maybe it’s the wall of pulsing color behind the front desk. Then again, it could be the way daylight pours into the office through the floor-to-ceiling windows. No, it’s the porch swings. Yeah, gotta be the porch swings. Good thing … Continued

Dan Price Shares $70k Story on the ZigZag Podcast

Earlier this year, Gravity CEO Dan Price sat down with Manoush Zomorodi, host of the ZigZag podcast, to discuss why he decided to announce a $70,000 minimum wage back in 2015 and how he and the company have fared since. The conversation was deep and wide ranging, covering everything from how Dan founded his first … Continued

Baby boom at Seattle startup that pays at least $70K

You may remember back in April of 2015 when the CEO of Seattle startup, Gravity Payments, announced he was going to pay all of his employees a minimum wage of $70,000. There were many consequences of this announcement. One of which was a baby boom. “Our CEO, Dan Price, decided to take a pay cut … Continued

Early Results of the $70K Decision: New Hires + Record-Breaking Resumes

We’re so happy the $70K decision has given us a bigger platform to spread our message of putting purpose and people before profit. It’s also given us the opportunity to attract amazing talent to the team who help us support small business owners in any way possible. Since April 2015, we’ve received over 30,000 resumes … Continued

Early Results of the $70K Decision: Cut Down On Commute Time

Besides relieving financial worry, the $70K policy had some surprising positive side effects on the lives of the Gravity team such as cutting down on commute time. The decision afforded many team members the opportunity to move closer to the office, cutting down on commute time by six hours a day. Add that up and … Continued

Early Results of the $70K Decision: Average Gravity Salary Increases

When Dan made the $70K decision, the initial rollout was that every team member had to make at least $50K or more immediately. By December 2016, every team member was to make $60K and above and by December 2017, everyone has to make $70K or above. Although the current minimum salary is $50K, the average … Continued

Early Results of the $70K Decision: Employee Happiness Levels

Some have speculated that the $70K decision was a ploy to buy employee happiness. Although Gravity’s happiness rate climbed to historic levels immediately after the announcement, it dipped back down to normal levels a few months later. For more facts and stories on the $70K minimum wage decision, go to www.thegravityof70k.com.

Early Results of the $70K Decision: The $70K “Baby Boom”

A surprising (and exciting!) result that came out from our CEO, Dan Price’s, minimum wage announcement was the $70K baby boom! In previous years at Gravity, there was usually zero or one, no more than two, new baby announcements per year. With a new sense of financial stability from the $70K announcement, ten team members … Continued