In spite of being called a socialist and the predictions that the CEO was headed to ruin by lowering his salary to $70k and raising his employees salary to $70k, he's doing just fine: Isn't it amazing what can happen when the boss is not greedy and treats his employees very well:
Since our $70k min wage was announced 6 years ago today:
*Our revenue tripled
*Head count grew 70%
*Customer base doubled
*Babies had by staff grew 10x
*70% of employees paid down debt
*Homes bought by employees grew 10x
*401(k) contributions grew 155%
*Turnover dropped in half
...
Treating employees well saves money in the long run.
For example, our small biz with a $70k min wage received 3,663 job applications this year – 280 per opening.
We paid $0 advertising and got great candidates.
I keep seeing stories of companies struggling to hire. Wonder why.
— Dan Price (@DanPriceSeattle) April 12, 2021
Since our $70k min wage was announced 6 years ago today:
*Our revenue tripled
*Head count grew 70%
*Customer base doubled
*Babies had by staff grew 10x
*70% of employees paid down debt
*Homes bought by employees grew 10x
*401(k) contributions grew 155%
*Turnover dropped in half
...
Treating employees well saves money in the long run.
For example, our small biz with a $70k min wage received 3,663 job applications this year – 280 per opening.
We paid $0 advertising and got great candidates.
I keep seeing stories of companies struggling to hire. Wonder why.
— Dan Price (@DanPriceSeattle) April 12, 2021