Dan Price, Gravity Payments CEO, speaks o the Inc 5000 Stage

The Gravity of $70k

Members of the Gravity Payments team set the record straight on what’s really happening at the company with the $70k minimum wage.

Dan Price, CEO & Founder
Gravity Payments


Here are the first stats that showcase the early impact of the $70k minimum wage.

Profit Is not a Purpose

Profit is not a Purpose How I Transformed My Company by Paying a $70,000 Minimum Wage

by Dan Price — CEO of Gravity Payments

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Dan Price gained worldwide attention in 2015 when he announced that he was instituting a $70,000 minimum wage at his company, Gravity Payments, and would slash his $1 million salary in order to pay for it. While many praised the decision as a bold step toward combating income inequality in the United States, others vilified Price as a radical socialist whose “experiment” was doomed to fail.

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