Tag: labor crisis
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After this CEO raised his company’s minimum wage to $70,000, he said the number of babies born to staff each year grew 10-fold and revenue soared
Dan Price, CEO of Gravity Payments. Dan Price Gravity Payment's CEO Dan Price introduced a minimum wage of $70,000 in 2015. In the years afterwards, revenue rose, and staff had more babies and bought more homes, he said. Amid the pandemic, revenues dropped 50% but Price said the company was able to recover. See more…