Posted by Tina
A few months back the CEO of Seattle based Gravity Payments caved to the lefty notion that companies should base pay on fairness rather than merit and the value of the work being done. Dan Price generously awarded his employees minimum salary to $70,000 a year. Months later some employees are complaining that they are paid the same as others whose jobs are much less demanding. Two key employees left the company. Customers also bailed and Mr. Price has been forced to rent out his home just to try to make ends meet.The experiment in socialism was met with great enthusiasm at first but has since gone bust.
I believe Dan Price is a man with a big heart. But human nature is part of life’s equation and it’s often overlooked by liberals. This grand socialist plan didn’t work for employees, didn’t work for the company, didn’t work for customers and didn’t work for the CEO, Dan Price.