Gravity Payments CEO Dan Price is taking a pay cut and raising his company's minimum wage to $70,000. He explains why: http://on.wsj.com/1NR3sIH | The Wall Street Journal

Ever since our CEO, Dan Price, made the decision to slash his salary and raise the minimum wage at our company to $70K, many have speculated that this was going to be an experiment in how to drive a business into the ground. While we’ve also received an incredible positive response, we wanted to set the record straight. For the first time ever, we’re sharing the early results of our $70K min wage, and incredible stories of the human impact. USA TODAY covered some of the results, but for a visual

CEO Dan Price cut his $1.1M salary to $70K so every employee earned at least $70K—and the results spoke for themselves: employee retention soared to 100%, revenue tripled, and the customer base doubled, proving that investing in people pays off. | Historyinmemes