Seattle CEO Who set Company Minimum Salary at $70k/yr Struggling

As predicted...
www.washingtontimes.com...

Just three months ago, Mr. Price made headlines after he announced he would give all 120 of his employees a minimum salary of $70,000, slashing his own $1 million pay check to pay for it. He made the drastic decision to address the wage gap.

Now Mr. Price says the decision has cost him a few customers and two of his “most valued” employees, who quit after newer, less skilled employees ended up with bigger salary hikes than those who had been working longer for the company.

This is rich...

“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 a bump,” said Maisey McMaster, 26, Gravity’s financial manager, the Times reported.

Ms. McMaster, who has now quit the company, said that when she approached Mr. Price with her concerns about the wage changes, he treated her as if she was being selfish.

“That really hurt me,” she said, the Times reported. “I was taking about not only me, but everyone.”

Grant Moran, 29, also quit after the pay changes were enacted.

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

It's our old friend "everybody gets a medal for participating" that has rocketed our nation's schools to the bottom of every international list! What's that, old friend? Oh, you want to remind us that when everybody's special, no one is? Yes, well, we already knew that... huh? Oh, you have a new message? You say when everybody gets rewarded the same regardless of how much or how little effort they put in at work, nobody will put in the extra effort? Oh, silly you! Yes, we all know socialism is a complete failure because it has demonstrably failed everywhere it has been affected... but yeah, America is different. No, no, old friend, don't leave. I didn't intend to spew my drink on you, my laughter was not under my control and I truly did think you were making a funny when you said "America is different."

a reply to: burdman30ott6


Well, yeah.

Pay scrubs and high performers the same and watch how fast the high performers leave or start working at the level of the scrubs.

Well this confirms the idea that the workers *own* the means of production !!

Especially when they quit and say they've HAD IT

This guy must be a frickin idiot. Where did he expect the money for this to come from?

originally posted by: Bluntone22
This guy must be a frickin idiot. Where did he expect the money for this to come from?

The means of production.

Sounds like this was done in the most extreme way possible, a set up for failure. This guy will be fine, he did his job, the job being pretending to be a friend, while making sure to fail, so that the idea of paying people better can be "proven" to be a failure.

The issue is extreme wealth gaps, not wealth gaps. He we went too far in the other direction specifically to fail so the corporate elites could ultimately keep the status quot and use this as an example why.

a reply to: Puppylove


His brother is suing him to so he might not be fine.lol

a reply to: Bluntone22

Well fined then I suppose... add a D

a reply to: burdman30ott6
So the only real way the hard workers were affected was to get a raise, even if only a small one. Sounds like a reason to quit to me!

If you feel you are receiving adequate compensation for your work, why should you care what others earn?

a reply to: burdman30ott6

Well 70k is well above a living wage.

That is what people are talking about.

a reply to: burdman30ott6

Progressive logic fails.......Progressive ideals fail......Progressives do not see the big picture because ideology blinds them.



Floating in the wind like a paper bag.

a reply to: SubTruth

When an extreme example of something fails the only thing it demonstrates is the failures of extremes.

originally posted by: Puppylove
a reply to: SubTruth

When an extreme example of something fails the only thing it demonstrates is the failures of extremes.

And then you have the moderate failures that are less extreme.

a reply to: xuenchen

Sure but I've yet to see a non extreme distribution of wealth anywhere. Could you show me some moderate examples?

a reply to: burdman30ott6

It seems strange that after the demise of the Unions and the regular meetings every year to discuss pay rates, the incentive for top and middle management to go out and create work to pay for it has been removed. So if this part of the equation has been removed in the modern world, we will expect what we are getting.

Meh...ya know when I first started out in the entertainment industry as a local crew member my first company gave a raise across the board to everyone working there. I was one of those least skilled guys...I don't remember the top guys leaving or even complaining. Everyone was glad to get a little more and we kept on doing our jobs. People need to get over this trying to keep your fellow humans down or the I'm better than you ideal. They should have been freaking happy to make more money period and kept on doing their damn jobs...I digress...this is why we live in such a f**ked up world to begin with... Our own damn attitudes toward our fellow man.

Any gains the working poor make against a "wealth gap" by jacking up the minimum wage will be in the "gap" between working poor and true middle class... Meanwhile, these gains will be paid for via increasing the wealth gap between middle class and wealthy. In other words, to those pushing for ridiculously inflated minimum wages like $15/hr, thanks for pulling us all down!

What people I work with make a year doesn't matter to me, except to say I know how much stress I take on for my job vs the folks making a lot less than me whose work day lasts exactly 8 hours, carry zero stress or management responsibility, and aren't found working at their house most nights after their family retires to bed... We're not talking minimum wage here, but if I was to suddenly see one of these folks being paid identical to me, I'd be demanding either a raise or a job description and expectation change.

Here let's ignore salaries for a minute, hourly is simpler for this demonstration.

Let's say a company has 5 tiers of employment, including the owners ect.

Reasonable distibution might be (ignoring current economic numbers, using numbers as examples)

Let's as bottom rung, or 1 is 10 dollars an hour, rung 2 is 15 dollars and hour, then 20 dollars for three, then 25 dollars for 4, and 30 dollars for 5. This is pretty reasonable as a start distribution from each other. The highest rung is getting 3 times what the lowest rung is.

Instead what we get is closer to

1 = 10
2 = 12
3 = 15
4 = 100
5 = 100000

Addendum: What this guy did is more along the lines of
1 = 80
2 = 81
3 = 83
4 = 84
5 = 85

Not enough incentive to care about the tiers.

a reply to: Puppylove

How are those communist counties doing these day, anyway?

a reply to: RickyD

They should have been freaking happy to make more money period and kept on doing their damn jobs...I digress...this is why we live in such a f**ked up world to begin with... Our own damn attitudes toward our fellow man.

Its really sad when how much money people have or earn dictates how they deal with and view others.....