Seattle CEO's Minimum-Wage Vision: Pay Everybody At Least $70,000
Cary Chin works at the front desk of Seattle-based Gravity Payments. CEO Dan Price told his employees this week that he was cutting his own salary and using company profits so they would each earn a base salary of $70,000.
AP Photo/Ted S. Warren
Marcie Sillman speaks with Dan Price, founder and CEO of Seattle-based credit card payment processing firm Gravity Payments. He recently raised his company's minimum wage to $70,000 a year for all employees.
