Dan Price Archives · Gravity Payments

How Our $70K Minimum Wage Is Helping Us Weather the Coronavirus Crisis

It’s been five years since we announced a $70,000 minimum wage at our company, Gravity Payments. Since then, our revenue has tripled and our headcount and customer base have doubled. Meanwhile, our employees have made major improvements to their lives, such as buying houses, starting families, saving for retirement, and eliminating debt. Our celebrations came … Continued

The Problem with Bad Jobs

People work for two reasons: to make enough money to earn a living and/or to do work they feel matters. And yet, at least 13% of workers don’t even make a living wage through their paycheck, and millions of others are stuck doing menial work where they could be fired by an algorithm if they … Continued

3 Things I Learned by Paying a $70,000 Minimum Wage

In 2015, we announced a $70,000 minimum wage at Gravity. In order to help pay for the increase, I cut my own salary from $1.1 million to $70,000 a year. As of today, I still make $70,000. I’ve learned a lot since that announcement five years ago. Three things stick out to me the most. … Continued

Dear Davos Attendees: Stop Talking about Changing the World

Dear Davos Attendees, The theme of your annual meeting this year is “Stakeholders for a Cohesive and Sustainable World.” Another way of putting this might be “For too long we’ve focused on how to make as much money as possible at the expense of society and the planet, and now that harm is coming back … Continued

What Is an Employee Worth?

In 2018, I wrote a post illustrating how one of our largest competitors could afford to pay every single one of its approximately 24,000 employees a minimum wage of $70,000 a year if its executives chose to spend the company’s money differently. The post garnered half a million views and hundreds of comments, indicating that … 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

Dan Price at Seattle Tech Talks

Last month, Gravity CEO Dan Price presented the keynote speech at Seattle Tech Talks, a live startup competition on Seattle’s waterfront. Dan was interviewed by the event’s founder, local entrepreneur and talk show host Jeramy Poole, who asked Dan about his purpose and entrepreneurial journey. In a short but powerful presentation, Dan spoke candidly about … Continued

Dan Price at Conscious Capitalism Conference

On April 28, 2018, Gravity CEO Dan Price spoke at the Conscious Capitalism Conference in Dallas, Texas, where he was interviewed about his views on employee pay and the role of money in business. Conscious Capitalism is a movement designed to elevate the role of business in society by using the mechanisms of capitalism to … Continued

Dan Price on YPO 10 Minute Tips from the Top

Gravity Payments CEO Dan Price has been a proud member of the CEO networking group YPO for the past several years. As part of the organization, he’s had the opportunity to network with other entrepreneurs and business leaders as well as participate in seminars and trainings that allow him to expand his own leadership skills. … Continued

The CEO Magazine – Dan Price Feature

It all started with Moxie Java, a small coffee shop in Nampa, Idaho. The state of Idaho is lightly populated, with little economic activity. The words ‘entrepreneur’, ‘start-up’ and ‘venture capital’ are not part of the vernacular. Instead, it’s ‘cows’, ‘alfalfa’ and ‘potatoes’. I was 17. My friend Heather owned Moxie. She confided she was … Continued

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