Back in April, a story broke about a company called Gravity that had decided to institute a minimum salary of $70,000 for all employees. Some people thought it a revolutionary move towards economic equality. Others scoffed. The update below is instructive. >>>
LINK: A Company Copes With Backlash Against the Raise That Roared (by Patricia Cohen in the New York Times)
…What few outsiders realized, however, was how much turmoil all the hoopla was causing at the company itself. To begin with, Gravity was simply unprepared for the onslaught of emails, Facebook posts and phone calls. The attention was thrilling, but it was also exhausting and distracting. And with so many eyes focused on the firm, some hoping to witness failure, the pressure has been intense.
More troubling, a few customers, dismayed by what they viewed as a political statement, withdrew their business….
What do you think?