WV Forum for News, Politics, and Sports
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Wealth Redistribution = a socialist economic disaster

Go down

Wealth Redistribution = a socialist economic disaster Empty Wealth Redistribution = a socialist economic disaster

Post by SamCogar Sun Aug 02, 2015 7:34 am

Seattle CEO who set firm's minimum wage to $70G says he has hit hard times

The Seattle CEO who reaped a publicity bonanza when he boosted the salaries of his employees to a minimum of $70,000 a year says he has fallen on hard times.

Dan Price, 31, tells the New York Times that things have gotten so bad he’s been forced to rent out his house.

The Times article said Price’s decision ended up costing him a few customers and two of his “most valued” employees, who quit after newer employees ended up with bigger salary hikes than older ones.

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,” Gravity financial manager Maisey McMaster, 26, told the paper.

She said when she talked to Price about it, he treated her as if she was being selfish and only thinking about herself.

“That really hurt me,” she said. “I was talking about not only me, but about everyone in my position.” Approaching burnout, she quit.

Grant Moran, 29, also quit, saying the new pay-scale was disconcerting

Now the people who were just clocking in and out were making the same as me,” he told the paper. “It shackles high performers to less motivated team members.”

Read more @ http://www.foxnews.com/us/2015/08/01/seattle-ceo-who-set-firm-minimum-wage-to-70g-rents-house-to-make-ends-meet/?intcmp=hplnws

Wealth Redistribution = a socialist economic disaster 33948 Wealth Redistribution = a socialist economic disaster 33948  Wealth Redistribution = a socialist economic disaster 33948  Wealth Redistribution = a socialist economic disaster 33948

SamCogar

Number of posts : 6238
Location : Burnsville, WV
Registration date : 2007-12-28

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum