How One CEO Decided to Pay Every Employee $70,000

World Changing Ideas - A podcast by Fast Company

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The federal minimum wage has not increased since 2009. Lawmakers are haggling over different ways to introduce legislation for a wage hike but until that happens, company leaders have stepped in with their own plans. Talib Visram talks with Gravity Payments CEO and Founder Dan Price about his decision to increase his employees' salaries to a minimum of $70,000.