Chris and Stephen give three cheers for Dan Price, who voluntarily cut his own pay and raised the pay of his employees to a minimum of $70K a year. We discuss the nature of money, income inequality, how we can fix problems in non-governmental ways (sometimes, and in some ways), and about the limits of praise. We also inaugurate Mr. Price into the newly-founded Winning Slowly Hall of Fame amidst celebratory explosions. (No, really.) Before You Go ◦ SpaceX Rocket’s First Stage Crashes During Landing Attempt | Video (https://www.youtube.com/watch?v=GeIHJ-i7yVk) by Thomas Friedman Music ◦ “Phoenix” (http://laurajoymusic.com/tag/phoenix/) by Laura Joy. Used by permission. ◦ “Winning Slowly Theme” (https://soundcloud.com/chriskrycho/winning-slowly) by Chris Krycho. *We considered adding an explosion just because of the Before You Go, but alas, time constraints.* Links ◦ One Company’s New Minimum Wage: $70,000 a year (http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-setting-a-new-minimum-wage-70000-a-year.html?_r=0) by Patricia Cohen ◦ High income improves evaluation of life but not emotional well-being (http://www.pnas.org/content/107/38/16489.full) by Daniel Kahneman and Angus Deaton. The article that Dan Price read. ◦ Scripture about Gleaning: Leviticus 19:10 (http://biblehub.com/leviticus/19-10.htm) ◦ Costco CEO Craig Jelinek Leads the Cheapest, Happiest Company in the World (http://www.bloomberg.com/bw/articles/2013-06-06/costco-ceo-craig-jelinek-leads-the-cheapest-happiest-company-in-the-world) by Brad Stone. Costco ◦ Public-benefit corporation Wikipedia page (http://en.wikipedia.org/wiki/Public-benefit_corporation) ◦ Rolling Jubilee (http://rollingjubilee.org/) ◦ Fight for $15 (http://fightfor15.org/april15/) ◦ When Helping Hurts: Alleviating the Poverty Without Hurting The Poor…And Ourselves (http://www.amazon.com/When-Helping-Hurts-Alleviating-Ourselves/dp/1596448741) by Steve Corbett & Brian Fikkert Further Reading ◦ Praise and Skepticism as One Executive Sets Minimum Wage to $70,000 a year (http://www.nytimes.com/2015/04/20/business/praise-and-skepticism-as-one-executive-sets-minimum-wage-to-70000-a-year.html) by Patricia Cohen Previously on the show ◦ 1.14: Buying Me Off With Warm Fuzzies (http://www.winningslowly.org/2014/10/buying-me-off-with-warm-fuzzies/)—we talked about how corporations fund the arts. Follow/Subscribe ◦ Twitter: • @winningslowly (https://www.twitter.com/winningslowly) • @chriskrycho (https://www.twitter.com/chriskrycho) • @scarradini (https://www.twitter.com/scarradini) ◦ App.net • @winningslowly (https://alpha.app.net/winningslowly) • @chriskrycho (https://alpha.app.net/chriskrycho) ◦ Subscribe • RSS (http://www.winningslowly.org/feed.xml) • iTunes (https://itunes.apple.com/us/podcast/winning-slowly/id807603957?mt=2)