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Read the entire cnbc.com account.and this story on cnbc.com is contrary to the story in the Times...Yeah well that didnt work out quite like he wanted. Turns out you can't pay everyone the same because not everyone performs the same. Oops. Not like we didnt tell you. Now he has to rent out his house to make ends meet. Socialism fails 100% of the time. more at the source.
Remember the Seattle CEO Who Raised All Salaries to 70K Here s What Happened Next...
When Dan Price, founder and CEO of the Seattle-based credit-card-payment processing firm Gravity Payments, announced he was raising the company’s minimum salary to $70,000 a year, he was met with overwhelming enthusiasm.
“Everyone start[ed] screaming and cheering and just going crazy,” Price told Business Insider shortly after he broke the news in April.
But in the weeks since then, it’s become clear that not everyone is equally pleased. Among the critics? Some of Price’s own employees.
Maisey McMaster — once a big supporter of the plan — is one of the employees that quit. McMaster, 26, joined the company five years ago, eventually working her way up to financial manager. She put in long hours that “left little time for her husband and extended family,” The Times says, but she loved the “special culture” of the place.
But while she was initially on board, helping to calculate whether the company could afford to raise salaries so drastically (the plan is a minimum of $70,000 over the course of three years), McMaster later began to have doubts.
“He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump,” she told The Times. A fairer plan, she told the paper, would give newer employees smaller increases, along with the chance to earn a more substantial raise with more experience.
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Your view is a glass half empty.
What a Con! Get a grip on your paranoia.
The glass is actually half full and getting fuller:
"Three months before the announcement, the firm had been adding 200 clients a month. In June, 350 signed up."
Your source is a Con job. Try this more balanced piece:
http://nytimes.com/2015/08/02/busin...-against-the-raise-that-roared.html?referrer=
Fact is other business people are going as far as saying rthis is bad for business and will not work....
This has been nothing but a political stunt.....
A Company Copes With Backlash Against the Raise That Roared
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Re: "this story on cnbc.com is contrary to the story in the Times."
Huh? Did you read both?
Except for the last 2 sentences in the CNBC piece & imbedded video, both stories are the same, by the same author Patricia Cohen.
The CNBC print even cites NY Times!
Non existent.Hell coming out of the Clinton Recession in 2002 Bush was constantly assailed for the "McJobs Economy" because the first jobs to be created are typically lower wage ones. The exact same phenomenon happens in every recovery. But when it happened again under Obama no one said a word.$20Trillion.332-206
Can't dodge that...can you?
91Milion.
Try dodging them apples.
If a Republican or Conservative were POTUS with those numbers there were be a 24/7 MSM assault on the White House.
Media is in the tank for the Democrats. There is no doubt at all.
There is no media anymore, there is only Fox News and the Democratic party propaganda ministry.
Yeah and Fox holds the #1 ranking in all time slots, go figure ....................
What the lefts retarded spin on that, Fox is #1 ranked in all time slots for news!!
What were those MSNBC and CNN #'s again??
Read the entire cnbc.com account.and this story on cnbc.com is contrary to the story in the Times...Yeah well that didnt work out quite like he wanted. Turns out you can't pay everyone the same because not everyone performs the same. Oops. Not like we didnt tell you. Now he has to rent out his house to make ends meet. Socialism fails 100% of the time. more at the source.
Remember the Seattle CEO Who Raised All Salaries to 70K Here s What Happened Next...
When Dan Price, founder and CEO of the Seattle-based credit-card-payment processing firm Gravity Payments, announced he was raising the company’s minimum salary to $70,000 a year, he was met with overwhelming enthusiasm.
“Everyone start[ed] screaming and cheering and just going crazy,” Price told Business Insider shortly after he broke the news in April.
But in the weeks since then, it’s become clear that not everyone is equally pleased. Among the critics? Some of Price’s own employees.
Maisey McMaster — once a big supporter of the plan — is one of the employees that quit. McMaster, 26, joined the company five years ago, eventually working her way up to financial manager. She put in long hours that “left little time for her husband and extended family,” The Times says, but she loved the “special culture” of the place.
But while she was initially on board, helping to calculate whether the company could afford to raise salaries so drastically (the plan is a minimum of $70,000 over the course of three years), McMaster later began to have doubts.
“He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump,” she told The Times. A fairer plan, she told the paper, would give newer employees smaller increases, along with the chance to earn a more substantial raise with more experience.
---
Your view is a glass half empty.
What a Con! Get a grip on your paranoia.
The glass is actually half full and getting fuller:
"Three months before the announcement, the firm had been adding 200 clients a month. In June, 350 signed up."
Your source is a Con job. Try this more balanced piece:
http://nytimes.com/2015/08/02/busin...-against-the-raise-that-roared.html?referrer=
Fact is other business people are going as far as saying rthis is bad for business and will not work....
This has been nothing but a political stunt.....
A Company Copes With Backlash Against the Raise That Roared
---
Re: "this story on cnbc.com is contrary to the story in the Times."
Huh? Did you read both?
Except for the last 2 sentences in the CNBC piece & imbedded video, both stories are the same, by the same author Patricia Cohen.
The CNBC print even cites NY Times!
Anyway. it's pointless. The experiment is a failure.
Price had to move out of his house and rent it out. His brother is suing him.
This is nothing more than a political stunt.
And it is also proof that the marketplace dictates prices. For everything. Including labor.
I love how Repubtards always without fail claim that the CEO & corporate pay will be unaffected if minimum wage or taxes are raised & that customers will pay all the cost. Just look at that CEO now having to scramble to make ends meet like minimum wage workers do every day. Bottom line is workers create the wealth & Corporate Officers steal it.
Just look at that CEO now having to scramble to make ends meet like minimum wage workers do every day.
Congrats. For the stupidest post I've seen here this week. You cannot take a one-off example like this cited and draw the conclusion you did.
Just look at that CEO now having to scramble to make ends meet like minimum wage workers do every day.
I'll say it again: That he scrambling "to make ends meet like minimum wage workers do every day" on a $70k salary is proof positive that he sucks at planning and at being responsible.
You think it is just to maintain black slaves? You're a loony tune!“There is nothing more unequal than the equal treatment of unequal people.”I generally agree with the 80/20 rule, but I can understand the 10% opinion.
If an employer's going to try this, they'll have to create and enforce very clear, trackable and measurable expectations for keeping your job.
If an employer who's trying this gets soft and lets people take advantage of them, it ain't gonna work.
Agree. A principle I believe in 100%, and is applicable in many ways throughout our individual and collective lives:
Give someone something for free, they will thank you.
Give it to them again, and they will expect it again.
Give it to them again, and they will demand it.
I think this applies in this situation, once he gave them the high salary - many employees would quickly consider it earned - it is THEIR money now. Anything less would be unfair.
He is in a big pickle. And will probably lose his business. Unfortunately most employees would not appreciate truly what he did, and accept a lower/earned wage again.
― Thomas Jefferson
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A perfect justification for maintaining slaves!
You do realize that Jefferson maintained black slaves, don't you?
Just look at that CEO now having to scramble to make ends meet like minimum wage workers do every day.
I'll say it again: That he scrambling "to make ends meet like minimum wage workers do every day" on a $70k salary is proof positive that he sucks at planning and at being responsible.
---
He planned to sacrifice his own wealth for the benefit of his company's employees.
His company is expanding. Since his salary restructuring announcement in April, his company has been gaining 350 new customers monthly and he has hired a dozen more workers.
That's not sucking in my book.
Congrats. For the stupidest post I've seen here this week. You cannot take a one-off example like this cited and draw the conclusion you did.
Workers do not create wealth. Without managers they would have nothing to do. You clearly have never worked in a company.
Post a graph so we can see just how stupid you are.
It's none of your business what people make as well.Why do you care what he pays his employees?
His best employees quit and his clients bolted, shocker. /sarcasm
They probably secretly do..Just look at that CEO now having to scramble to make ends meet like minimum wage workers do every day.
I'll say it again: That he scrambling "to make ends meet like minimum wage workers do every day" on a $70k salary is proof positive that he sucks at planning and at being responsible.
---
He planned to sacrifice his own wealth for the benefit of his company's employees.
His company is expanding. Since his salary restructuring announcement in April, his company has been gaining 350 new customers monthly and he has hired a dozen more workers.
That's not sucking in my book.
These anti-American nutters want the company to fail.
His best employees quit and his clients bolted, shocker. /sarcasm
Those two disgruntled employees can easily be replaced.
His best employees quit and his clients bolted, shocker. /sarcasm
Those two disgruntled employees can easily be replaced.
Sure they can, just like you can replace Tom Brady with the water boy and the patriots will be fine.
I don't know much about those trades, but in manufacturing It is really hard to replace talented people, sure you get a warm body but in most cases their resume is full of it.His best employees quit and his clients bolted, shocker. /sarcasm
Those two disgruntled employees can easily be replaced.
Sure they can, just like you can replace Tom Brady with the water boy and the patriots will be fine.
I don't know anything about Tom Brady. I don't follow sports. However, I do know that it will not be difficult to replace a web developer or a financial planner. I'm sure that's the least of Price's worries. His bigger problem is the lawsuit.
They probably secretly do..Just look at that CEO now having to scramble to make ends meet like minimum wage workers do every day.
I'll say it again: That he scrambling "to make ends meet like minimum wage workers do every day" on a $70k salary is proof positive that he sucks at planning and at being responsible.
---
He planned to sacrifice his own wealth for the benefit of his company's employees.
His company is expanding. Since his salary restructuring announcement in April, his company has been gaining 350 new customers monthly and he has hired a dozen more workers.
That's not sucking in my book.
These anti-American nutters want the company to fail.
Just like the nut jobs on the extreme left who want company's to go out of business who don't pay "a fair wage" what ever that means .
Both idiots ...
