too lazy to open link. What kind of company? Mail clerks work there? Clerical? lots of money for them, but whatever works.
i would assume those already making 70k got increases.
anyway, old had to me. I worked in graphics where there were set hourly wages for the three different shifts. only a promotion would earn you more money.
Good pay though.
They do something like that. The reason it is so triumphant is because most industry leaders thought it would fail. How does giving everyone a raise a failure. I don’t think the ones over 70K got raises and some left due to it, but I think in the long run they will regret it. The naysayers look stupid now.
“Price, meanwhile, has invested another $3 million in the company after selling all his stocks, emptying his retirement accounts and taking out mortgages on two homes, according to Inc. (He told the New York Times three months ago that he was “renting out my house right now to try to make ends meet.)”
I guess that would cover the $70,000 salaries for awhile.
The company processes around $10 billion in credit card payments.
Last I heard, he was getting sued by his brother, who is a co-owner of the company.
They purport to make it easier for "independent businesses" to accept credit cards. See http://gravitypayments.com/.
No, the engineers who were already making 70k did NOT get raises, to my understanding.
But, it is the private sector. They are free to do this. However, I know that I would not want to deal with this company, as the owner does not understand relative value.