Good for them. The market will decide and each business should the freedom to do what it wants to do.
I was personally involved (although not a beneficiary) of a private company where the founder/owner handed each long-term employee a check that was basically equal to a year’s pay as a bonus when he sold out. He didn’t have to do it, but it was his way of thanking them for his success. If this company can pay $70K and meet the expectations of it’s owners, good for them.
Totally agree.
Too many companies today are in it for the money. I mean what does a worker get? Not much. Benefits are nonexistent for the most part. Heck even two week vacation is going away. They are stopping the matching funds for 401K. These are companies that have made billions with ending the pensions and they still can’t give anything to the workers. Something is seriously wrong.