“Is anyone else freaking out right now?” said Dan Price, the owner of a small Seattle-based credit card processing company, to a room full of his employees after he informed them of his new salary policy. “I’m kind of freaking out.”
The New York Times ran a story on April 13 about how Price, the founder and CEO of Gravity Payments, read a research paper arguing that people who make less than $70,000 can truly become happier by earning more money. Price then decided to simply raise everyone’s salary to a minimum of $70,000, even...
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