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To: 2ndDivisionVet

And the higher the minimum wage goes, the harder it will become. One CEO in the Pacific Northwest raised everyone’s salary to $35 / hr ($70k/year) and a lot of those people are never going to see a raise in their lifetimes ... assuming the company is able to remain in business.


3 posted on 10/11/2015 6:16:08 PM PDT by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: coloradan
One CEO in the Pacific Northwest raised everyone’s salary to $35 / hr ($70k/year) and a lot of those people are never going to see a raise in their lifetimes ... assuming the company is able to remain in business.

That would be the CEO of Gravity Payments.

It's already not working out to well for him. His best employees are quitting and he's having to hire more expensive talent from the outside.

What he didn't factor on was the resentment his superstar employees would feel. Imagine how you would feel if you worked hard for a small company and earned your way to the $70K a year level and then your boss suddenly decides to bring everybody to the same level as you. Even those who are mediocre and that you have to often pick up the slack for. That would make you feel like a sucker.

14 posted on 10/11/2015 6:32:09 PM PDT by SamAdams76 (A businessman gets things done with own money. A politician takes money and gets nothing done.)
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