CEO Slashes $1 Million Salary To Give Workers A Raise

[The Berean]

Obviously, this guy must be a :Commie: .



CEO Slashes $1 Million Salary To Give Lowest-Paid Workers A Raise

...Price, the founder and CEO of Gravity Payments in Seattle, decided to raise the minimum salary at his 120-person payment processing company to $70,000. At a company where the average pay was $48,000 per year, the move -- which was first reported by The New York Times on Monday -- affected 70 workers, 30 of whom saw their salaries double.

 

[Stripe]

Can a man not do with his own money as he sees fit?

 

[The Berean]

Can a man not do with his own money as he sees fit?

Sure. :idea:

 

[Stripe]

:thumb:

 

[quip]

Obviously, this guy must be a :Commie: .



CEO Slashes $1 Million Salary To Give Lowest-Paid Workers A Raise

...Price, the founder and CEO of Gravity Payments in Seattle, decided to raise the minimum salary at his 120-person payment processing company to $70,000. At a company where the average pay was $48,000 per year, the move -- which was first reported by The New York Times on Monday -- affected 70 workers, 30 of whom saw their salaries double.

:thumb: Good to see there's still hope for the conservative ilk.

 

[shagster01]

I'll be interested to track this long term and see how it plays out.

 

[PureX]

Sadly, it's a single drop of generosity in an ocean of greed.

 

[GFR7]

Sadly, it's a single drop of generosity in an ocean of greed.

I agree. Anyone who thinks God, Christianity, and greed can be unified, is fooling themselves.

 

[Stripe]

I agree. Anyone who thinks God, Christianity, and greed can be unified, is fooling themselves.

:AMR: Where is the greed?

 

[Son of Jack]

Sadly, it's a single drop of generosity in an ocean of greed.

All the more reason to applaud it, no?

 

[GFR7]

:AMR: Where is the greed?

In the general culture of profit: My point is that the Old Testament prophets were adamant about giving to the poor, as was Jesus. It is Christian social justice to put duty over profit.

 

[PureX]

All the more reason to applaud it, no?

Yes, but we need to do FAR more than just applaud one CEO doing what all of them ought to be doing.

 

[Stripe]

In the general culture of profit.

Profit is not greed. :nono:

My point is that the Old Testament prophets were adamant about giving to the poor, as was Jesus.

Who is poor in this thread?

It is Christian social justice to put duty over profit.

No, it's not.

 

[Granite]

Yes, but we need to do FAR more than just applaud one CEO doing what all of them ought to be doing.

He'll very much remain the exception to the rule, sorry to say.

 

[Caino]

Obviously, this guy must be a :Commie: .



CEO Slashes $1 Million Salary To Give Lowest-Paid Workers A Raise

...Price, the founder and CEO of Gravity Payments in Seattle, decided to raise the minimum salary at his 120-person payment processing company to $70,000. At a company where the average pay was $48,000 per year, the move -- which was first reported by The New York Times on Monday -- affected 70 workers, 30 of whom saw their salaries double.

He's young, idealistic and head of a growing start up company when cash inflows seem endless. What happens when a competitor comes along in the same space that is willing to sell the same product for less and pay $60,000, then another competitor, then progressives who want to globalize sending this business manufacturing foundation overseas?????

Its noble, and perhaps a move towards employee ownership of companies could serve the same purpose but its delusional to think that this is something that all companies could do.

 

[GFR7]

Profit is not greed. :nono:

No, but excessive and exclusive interest in it, is.

Who is poor in this thread?

Who knows.

No, it's not.

Yes, it is.

 

[Stripe]

No, but excessive and exclusive interest in it, is.

OK. You should start your own thread. :thumb:

Yes, it is.

Then you'll be able to post the passage that says "it is Christian social justice to put duty over profit." :up:

 

[elohiym]

Then you'll be able to post the passage that says "it is Christian social justice to put duty over profit." :up:

You can't?

Search the fifth chapter of Amos. Maybe you'll find it.

 

[The Berean]

He's young, idealistic and head of a growing start up company when cash inflows seem endless. What happens when a competitor comes along in the same space that is willing to sell the same product for less and pay $60,000, then another competitor, then progressives who want to globalize sending this business manufacturing foundation overseas?????

He may be young, (but not that young), but I don't think his company is a "start up" anymore. This CEO, Dan Price, started his company at age 19 in 2004. He's 31 now and his company has become an established company in its industry.

Its noble, and perhaps a move towards employee ownership of companies could serve the same purpose but its delusional to think that this is something that all companies could do.

Definitely not all companies but how many companies could do it and still be profitable and successful? :think:

 

[PureX]

Definitely not all companies but how many companies could do it and still be profitable and successful? :think:

The answer should be obvious, but sadly is not.

EVERY business enterprise should share it's success with everyone involved in making it successful. And any business enterprise that must rely on substandard wages and working conditions to remain solvent does not logically deserve to remain solvent.

Any business enterprise that needs to exploit the people who engage in it, to function, is a toxic enterprise and should be discontinued.