Ethics of the $70,000 Minimum Wage

business_ethics_highlights_2By BEH co-editor Chris MacDonald (writing for Canadian Business magazine) who has a few pointed questions about the move by one CEO to guarantee all employees a minimum $70,000 salary. >>>

Why Gravity Payments’ $70,000 minimum salary, sadly, won’t catch on

What are we to think when a CEO slashes his own salary by 93%, and then uses the money—along with a big chunk of corporate profits—to ensure that every one of his employees makes a minimum of $70,000 per year?

That’s what Dan Price, founder and co-owner of Gravity Payments is doing….


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