UK: Increasing Focus On Low Wages
Dan Price, CEO of Seattle-based payment processing company Gravity Payments, last week announced that he was taking a 90% pay cut to raise the minimum wage of his employees to $70,000 a year. Salaries more than doubled for some of the firm’s lowest-paid employees and the story went viral.
$70,000 is significantly higher than the US national minimum wage of $17,000 a year, but the episode highlights a broader unease about wages for the low […]