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Would a minimum wage of $70,000 actually work? And to pay for it, cut your own $1 million salary? This bold decision by Gravity Payments CEO Dan Price skyrocketed productivity, boosted sales and created happier employees. Labeled by some as pure socialism, the controversial move attracted praise and naysayers. In our conversation, Price pulls back the curtain and talks about his thought process and about the unique challenges business owners are up against now. And, he candidly shares how shocked he was when his team suggested their own pay cuts when the company faced crisis.
What you will learn:
Quotes:
Free Valuable Report for our Listeners: “3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them”
https://goodmoneyframework.com
Follow The Good Money Show on Instagram!
https://www.instagram.com/goodmoneyframework
Recommended Resources:
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Would a minimum wage of $70,000 actually work? And to pay for it, cut your own $1 million salary? This bold decision by Gravity Payments CEO Dan Price skyrocketed productivity, boosted sales and created happier employees. Labeled by some as pure socialism, the controversial move attracted praise and naysayers. In our conversation, Price pulls back the curtain and talks about his thought process and about the unique challenges business owners are up against now. And, he candidly shares how shocked he was when his team suggested their own pay cuts when the company faced crisis.
What you will learn:
Quotes:
Free Valuable Report for our Listeners: “3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them”
https://goodmoneyframework.com
Follow The Good Money Show on Instagram!
https://www.instagram.com/goodmoneyframework
Recommended Resources: