The idea is spreading! Boston ceo inspired to dramatically raise wages…and change lives
Pharmalogics CEO, Megan Driscoll, first heard Dan speak at a conference in 2015. Inspired by his story of implementing a $70k minimum wage, she decided to change the lives of her team. See the incredible impact this had on the lives of her team and on her business.
Watch the video to see her reaction
One more life changed by $70K
Amazing things happen when you get to work with a truly engaged team. A year after the announcement of the $70,000 min wage, the Gravity Team had a surprise of their own for Dan.
Watch the video to see his reaction
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$70K MINIMUM WAGE INITIAL RESULTS
Here are the first stats that showcase the early impact of the $70k minimum wage.
by Dan Price — CEO of Gravity Payments
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.
But behind the headlines and controversy lay a much more nuanced and personal story–a story of an entrepreneur who realized he could no longer claim to be sticking up for his values if he continued to pay his employees anything less than a living wage. How could a business dedicated to helping small businesses succeed fulfill its mission if the people responsible for helping those businesses were struggling to meet their own most basic needs?