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Politics : Formerly About Advanced Micro Devices

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To: Mick Mørmøny who wrote (1297652)	4/14/2021 6:00:12 PM
From: sylvester80	1 Recommendation Recommended By pocotrader Read Replies (1) of 1577342

DEMOCRAT POLICIES WIN YET AGAIN: CEO Hits Back At Fox News After They Derided Him FOR BEING A SOCIALIST For Offering $70,000 Minimum Salaries Dan Price of Gravity Payments said revenue has tripled since he cut his own annual salary of $1 million to $70,000. huffpost.com Back in 2015, the tech entrepreneur shocked the business world by slashing his own $1.1 million pay package to help fund a minimum “living wage” of $70,000 for all workers at his credit card processing company Gravity Payments. Price’s decision led to him being heavily criticized as a “socialist” on Fox News and Fox Business. In addition, some clients dropped Gravity for reasons that included fears the salary hike would cause their rates to rise. But in the years since, Price has been hailed as a success by Harvard Business School and Inc. magazine, which noted the number of employees at Gravity has doubled while the value of payments that the company processes has gone from $3.8 billion a year to $10.2 billion. On Tuesday, Price referenced this success in a viral Twitter thread and video that took aim at his conservative critics, particularly Fox. 6 years ago today I raised my company's min wage to $70k. Fox News called me a socialist whose employees would be on bread lines. Since then our revenue tripled, we're a Harvard Business School case study & our employees had a 10x boom in homes bought. Always invest in people. pic.twitter.com/o7Ca7I4b7e — Dan Price (@DanPriceSeattle) April 13, 2021 Since our $70k min wage was announced 6 years ago today: Our revenue tripled Head count grew 70% Customer base doubled Babies had by staff grew 10x 70% of employees paid down debt Homes bought by employees grew 10x 401(k) contributions grew 155% Turnover dropped in half — Dan Price (@DanPriceSeattle) April 13, 2021 After our $70k min wage: 76% of employees are engaged at work, 2x the national average Customer attrition fell to 25% below nat'l average We expanded to a new Boise office & enacted $70k min wage there Our highest-paid employee makes 4x our lowest-paid employee, down from 33x — Dan Price (@DanPriceSeattle) April 13, 2021 We started our $70k min wage with about 130 employees in Seattle. It worked so well we expanded it to a new Boise office, where the cost of living is lower but people deserve good pay all the same. We now have about 200 employeeshttps://t.co/0eJxdZYape — Dan Price (@DanPriceSeattle) April 13, 2021

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