Look This $70,000 Minimum Wage Gift Horse In The Mouth

April 17, 2015 8:07 PM

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Seems like all the proponents of a certain worldview are applauding the Seattle company CEO’s decision to pay his employees a $70,000 “minimum wage,” declaring it wonderful “gift” to his employees — and with wagging fingers demanding that all entrepreneurs and CEOs should follow suit. But this gift horse doesn’t hold up well to even a cursory oral examination.

It appears to me that Gravity Payments Co-Founder and CEO Dan Price has performed a truly magnificent PR trick, but it’s a trick that falls far short of being the redistributionist magic it purports to be.

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