This company raised minimum wage to $70K

In 2015, Gravity Payments CEO Dan Price announced he would raise the company’s minimum wage to $70,000 a year by 2017 and slash his own compensation by more than 90 percent. More than a year later, Price reports the company's revenue and clientele has grown substantially, despite critics' predictions that the move would be bad for business. NewsHour Weekend Special Correspondent John Larson reports.

© 2024 NewsHour Productions (Audiobook): 9781987108859

Release date

Audiobook: 1 May 2024