CEO TELLS EMPLOYEES NEW MINIMUM WAGE WILL BE $70, 000 AND IT WASN’T APRIL FOOL’S DAY …
Gravity Payments CEO Dan Price announced to his employees that the new company minimum wage will be $70,000. The stunned employees of the Ballard, Washington based company were mostly likely stunned when they heard the CEO’s words, pinching themselves to make sure they were not dreaming and checking the calendar to make sure it was not April 1st. Good for him and for a CEO to make this decision on his own with no protests of employees demanding $15 an hour. Kudos to the privately owned company and kudos to CEO Dan Price for his brilliant marketing strategy. Although costly in the short run, this will greatly pay off in the long run. The Gravity raise will be phased in over the next few years; however, they will be getting the best and brightest future employees.
Obviously not every boss can do what CEO Dan Price announced and it better works for smaller companies with less employees. Dan Price made $1 M a year and took a pay cut to make it possible that his employees make $70K a year. WOW!!! I do not agree at all that the government should dictate to a business what the minimum wage should be. Those that you hear about in fast food restaurants protesting for $15/hr minimum wage can take a hike. Trying getting more order correct first or being able to make proper change from $15 before you think you deserve it. However, if a private business does it on their own because they think their employees are worth it … more power to them.
Employees at a Seattle company are still trying to wrap their minds around the news their boss just delivered. Some of them are getting a raise.
A huge one.
“You might be making $35,000 a year right now but everyone in here will definitely be making $70,000 a year and I’m super excited about that,” Dan Price, CEO of Gravity Payments in Ballard, told his employees during a recent gathering.
The announcement caught everyone off-guard. Could it be true? $70,000 is the new minimum wage in this office?
Watch the VIDEO below of CEO of Gravity Payments Dan Price explain his reasoning for this move. He is not a socialist and he tells Stuart Varney on Fox Business News that he thinks that he will get a great ROI in the long run. With the fact that this is a small business, I would tend to agree 100%. This is how small business takes on the giants, you pay for talent, hard work and initiative.
CEO cuts $1M salary to pay employees at least $70K
Gallup CEO Jim Clifton … The Official Obama 5.6% Unemployment Rate Amounts to a Big Lie … Tells CNBC He Might “Suddenly Disappear” for Telling the Truth About Unemployment Lie
Well, if Gallup CEO suddenly disappears we will know why …
Gallup CEO Jim Clifton says during an interview with CNBC that he is worried he might “suddenly disappear” and not make it home that evening if he disputed the accuracy of what the U.S. government is reporting as unemployed Americans. How sad is it that many would not put it past the Obama administration to actually retaliate against an American citizen for speaking the truth?
The CNBC interview came one day after Clifton had penned a gutsy opinion piece on Gallup’s web site, defiantly calling the government’s 5.6 percent unemployment figure “The Big Lie” in the article’s headline. His appearance on CNBC was apparently to walk back the “lie” part of the title and reframe the jobs data as just hopelessly deceptive.
Clifton stated the following on CNBC:
“I think that the number that comes out of BLS [Bureau of Labor Statistics] and the Department of Labor is very, very accurate. I need to make that very, very clear so that I don’t suddenly disappear. I need to make it home tonight.”
But after making that opening comment in case he suddenly goes missing, Jim Clifton went on to eviscerate the legitimacy of the cheerful spin given to the unemployment data by the Obama White House and liberal MSMS, stating to CNBC viewers that the percent of full time jobs in this country as a percent of the adult population “is the worst it’s been in 30 years.” Otherwise known as Obama’s Big Lie. Then again, hasn’t the entire Barack Obama presidency been one big lie and scandal after another?
Gallup CEO: 13 Million Jobs Lost – Only 3 Million Created Under Obama
Jim Clifton, Gallup CEO – The Big Lie: 5.6% Unemployment:
Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.
Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheer-leading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.
None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.
There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.
Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.
There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.
Daily Commentary – Friday, June 6, 2014 – Seattle Washington Votes To Raise Minimum Wage to $15 Per Hour
- It is the highest in the nation. Will it hurt business?
Daily Commentary – Friday, June 6, 2014 Download
Obama’s Chickens coming home to roost means American’s goose is cooked …
I would add it is more than a mere coincidence that everything that Obama has done in his six years in office has made the United States of America a weaker nation. whether it be domestic or foreign policy, Obama has done what many believe is irreparable damage to the US. One would almost say, it would be impossible to get so many things wrong. One might even say it was intentional.
It is impossible to dismiss as mere coincidence the Russian Bear’s invasion of Ukraine and the continuing mayhem of the Affordable Care Act. In their own ways, each reflects the full flowering of the policies of Barack Obama.
His chickens are coming home to roost, and what a mess they are making.
Obama’s sixth year in the White House is shaping up as his worst, and that’s saying something. He’s been in the Oval Office so long that it is obscene to blame his problems on George W. Bush, the weather or racism. Obama owns the world he made, or more accurately, the world he tried to remake.
Nothing important has worked as promised, and there is every reason to believe the worst is yet to come. The president’s casual remark the other day that he worries about “a nuclear weapon going off in Manhattan” inadvertently reflected the fear millions of Americans have about his leadership. Not necessarily about a bomb, but about where he is taking the country.
Charles Krauthammer Points Out the Hipocrisy & Lies of Obama/Democrats Increasing Minimum Wage … Obama’s Minimum Wage Plan Would Hurt Poor
Democrats and their hypocrisy with the CBO numbers and the very people that they claim to help.
Fox News contributor and syndicated columnist, Charles Krauthammer, appeard on the ‘Kelly File’ and shredded Barack Obama’s and Democrats claims that a raise in the minimum wage will help the poor. Krauthammer stated that this Democrat plan to increase the minimum wage to $10.10 to help the poor would hurt the very people that Obama supposedly intended to help. Krauthammer and Kelly both showed Obama’s and Democrat hypocrisy when it comes to dismissing the CBO’s evaluation of the minimum wage plan because it goes against their agenda.
However, Charles Krauthammer’s most important point and damning statement which is causing Dems to cringe was as follows: “Democrats like to redistribute income, and they pretend it’s always from the rich to the poor. What the CBO has shown, absolutely clearly, is that when you raise the minimum wage, you’re redistributing income from one set of low income people to another set of low income people.”
Krauthammer continued by saying that the math contradicts the Obama administration’s claim that it wants to help poorer Americans.
“We know that Dems like to redistribute income, and they pretend it’s always from the rich to the poor,” he said. “What the CBO has shown, absolutely clearly, is that when you raise the minimum wage, you’re redistributing income from one set of low income people to another set of low income people.”
And the damage will fall on those who are most economically vulnerable, Krauthammer said.
“There are going to be about half a million people who go from $7 an hour to zero,” he said. “They’re going to be destitute.”
Krauthammer finished by saying that raising the minimum wage would, in fact, have the reverse effect of its intention.
“The irony is, that the winners get a marginal advantage, but for the losers, it’s devastation,” he said. “This administration is robbing the people it says it really wants to help.”