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.
but you said the key word. “Private”
people can stay or go. Although in today’s job force 70k plus is hard to leave.
Federal employees on the other hand, are getting our money for watching porn and working for the union.
This article says it’s a total flop:
http://www.entrepreneur.com/article/249313
Human nature indicates it will be a flop.
From my memory, the CEO cut his salary to do this, so their bottom line every month was the same amount... Why shouldn’t it work??