…and he wants other bosses to get it too. Dan Price was concerned about the growing income inequality in America and decided to make a difference. He raised the minimum wage at his company, Gravity Payments, to $70,000 per year! Thirty of his employees saw their pay double overnight! How did he do it? He cut his own salary to $70,000 a year (from $1 million).
Watch Dan talk about his decision on NBC’S Today Show.
The New York Times covered the story as well.